On April 15, the governors of many central banks held a meeting in Basel. In his speech, Schlesinger publicly stated that he could not guarantee the trend of future interest rates, and expressed that he did not have much confidence in the fixed exchange rates of European currencies. Italian lira.

This news was tantamount to a severe blow to the British, causing the financial market that had just eased to become turbulent again.

The currencies of various countries have begun to fall as a whole, but the most uncomfortable is not the British but the Italians

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