GBP to Thai Baht.

[sanemax]

Just now, Fairynuff said:

What the UK government says and what they actually do rarely coincide 

Its quite safe to say that either :

* Brexit is terrible because the U.K. is still following E.U. rules*.or

*Brexit is terrible because the U.K has ditched E.U rules*

Whatever the outcome, remainers will have a whinge about Brexit 

[Golden Triangle]

As far as I understand it, the currency markets dislike uncertainty, with the prospect of extending Article 50, and the chance of an agreed withdrawal, this has to some extent eased those concerns. 

[Baerboxer]

22 hours ago, sanemax said:

Its debatable as to whether a strong Pound is either good or bad for the UK economy , its beneficial to the UK tourist industry , beneficial for UK exports and may help the UK in its early years of Independence , and it just means that UK retirees in Thailand just need to cut down on their drinking to compensate for the lesser Baht they are now getting

 

Impressive - where did you get your economics and finance doctorate?

 

[Baerboxer]

43 minutes ago, sanemax said:

Its quite safe to say that either :

* Brexit is terrible because the U.K. is still following E.U. rules*.or

*Brexit is terrible because the U.K has ditched E.U rules*

Whatever the outcome, remainers will have a whinge about Brexit 

 

No - it'll all be a land of milk and honey. The economy will boom, the pound will rise and probably become the world's reserve currency again, the RN will rule the waves, unemployment will be zero as all those Johnny Foreigners are kept out, the NHS will flourish with all the massive cash being pumped in; even London knife crime will be eliminated.

 

And those good old' Brexiters will be only too pleased to tell the rest of the world "told you so".

 

Or.................................

[sanemax]

2 minutes ago, Baerboxer said:

 

Impressive - where did you get your economics and finance doctorate?

 

Common sense really  , dont need much intelligence to understand that 

[sanemax]

Just now, Baerboxer said:

 

No - it'll all be a land of milk and honey. The economy will boom, the pound will rise and probably become the world's reserve currency again, the RN will rule the waves, unemployment will be zero as all those Johnny Foreigners are kept out, the NHS will flourish with all the massive cash being pumped in; even London knife crime will be eliminated.

 

And those good old' Brexiters will be only too pleased to tell the rest of the world "told you so".

 

Or.................................

Who knows what will happen in the future , although its highly unlikely that the Pound will become the Worlds reserve currency again , the R.N will not expand  , unemployment will never get down to zero , the NHS will always claim to be underfunded and knife crime will not be eliminated because of Brexit .

   You are being way to optimistic and you vision of the future just isnt going to match the reality 

[Jonnapat]

21 hours ago, Pilotman said:

No it doesn't. it reflects the manoeuvring of currency speculators. They have no more idea of the UK's future prospects than my cat does. 

Yes, it does. Sterling have been creeping lower because of hard Brexit possibilities and has now lifted as there is still a glimmer of hope for further delay as it has become obvious that many people have changed their minds now they actually realise what a hard Brexit would mean. 

[terryofcrete]

34 minutes ago, sanemax said:

Who knows what will happen in the future , although its highly unlikely that the Pound will become the Worlds reserve currency again , the R.N will not expand  , unemployment will never get down to zero , the NHS will always claim to be underfunded and knife crime will not be eliminated because of Brexit .

   You are being way to optimistic and you vision of the future just isnt going to match the reality 

God rest Leonard Cohen... " I have seen the future and it's murder" .... 

[phantomfiddler]

Possibly it is the forthcoming delight that we will soon be rid of these European parasites that is fueling a rise in the quid ????

[adammike]

4 minutes ago, phantomfiddler said:

Possibly it is the forthcoming delight that we will soon be rid of these European parasites that is fueling a rise in the quid ????

Nope that ain't it,it's because you can't get rid of our European friends and allies.

[Liverpudlian]

43 minutes ago, terryofcrete said:

God rest Leonard Cohen... " I have seen the future and it's murder" .... 

And there's a meter on your bed disclosing what every body knows.

[DPKANKAN]

22 hours ago, trd said:

Sterling started to rise sharply in the last few days when it became likely that Article 50 will have to be extended thereby avoiding a crash out from the EU. That's good news for the forex market.

And also that the worlds biggest wealth fund from Norway has just put billions into the UK because they say the UK will be stronger after Brexit!!

Edited March 3, 2019 by DPKANKAN
Add image

[joecoolfrog]

The market was extremely worried about a so called hard Brexit. Now that the chances of a no deal exit have firmly receded , Sterling has began to rise.

Regardless of ones personal view of Brexit , the market hasn't liked the idea , the softer the exit , the better for Sterling.

This is of course just short term , in 2 or 3 years the Brexit factor will no longer come into play and normal factors will influence the strength of Sterling.

Its amusing to read some of the conspiracy theories but largely the money markets are not manipulated , they respond to fairly mundane sets of circumstances.

Its very easy to predict which way Sterling will go given certain scenarios , the tricky bit is guessing the future.

[mrfill]

21 hours ago, BritManToo said:

Pound and USD have now lost the same amount in the last 3 years ........... 15% (against Thai baht)

Euro has lost 12%, so not much in it between those 3 currencies.

March 2016 - 52.44THB to GBP

March 2019 - 42.03THB to GBP

That is a 20% drop

 

March 2016 - 34.76THB to USD

March 2019 - 31.78THB to USD

That is a 9% drop

 

March 2016 it was $1.42 = £1 and now it is $1.32  - a 7% drop

The pound has actually lost a lot more than the dollar and quite a lot against the dollar itself.

[roquefort]

It's called a market. Prices go up, prices go down, according to supply and demand. Nobody "knows" which way it's going to go, whatever they might tell you.

[Fairynuff]

4 hours ago, sanemax said:

Its quite safe to say that either :

* Brexit is terrible because the U.K. is still following E.U. rules*.or

*Brexit is terrible because the U.K has ditched E.U rules*

Whatever the outcome, remainers will have a whinge about Brexit 

And who would know better about whingeing than the “they need us more than we need them” brigade

[AlexRich]

3 hours ago, Fairynuff said:

And who would know better about whingeing than the “they need us more than we need them” brigade

Brexit for old people is only a psychological benefit, the reality is that they gain very little whilst many other people lose a great deal (many whom will be Brexit voters). They're all going through the "denial" stage at the moment, doubling down on the madness.

 

 

 

[billd766]

6 hours ago, sanemax said:

Common sense really  , dont need much intelligence to understand that 

Remainers do.

[soalbundy]

19 hours ago, sanemax said:

"Independent " from the E.U. , is what I meant .

independent from your biggest market, I don't think so.

[faraday]

42:07 this morning

[AdamKnight]

On 3/2/2019 at 4:16 PM, AlexRich said:

Strange how those that vote Brexit believe its a great move economically, yet the prospect of a softer or no Brexit sends GBP up relative to world currencies. I'd expect a revival if May's deal gets through the commons ... a long transition period and no over the cliff exits.

There wouldn't be any "over the cliff" effect on the GBP with a clean Brexit. England has done quite well without Brussels over the centuries. We disagree in English, not German by the way. GB would be diminished under rule of Brussels and what a loss to the world that would truly be. 

[Farang99]

Don't worry about WHY? Just be grateful for small mercies

[Fairynuff]

9 hours ago, billd766 said:

Remainers do.

Being delusional solves all your problems, it even makes brexit look like something positive 

[Pilotman]

13 hours ago, Benroon said:

Brexiteers have just ended the future for younger generations - ask them ! 

 

But <deleted> it as long as the racist xenophobic Alf Garnett type old farts are ok that’s fine 

we just saved them from an undemocratic future, ruled by people with whom they have no cultural, language or historical connection. 

[Pilotman]

Posters keep referring to 'the market'.  The market is a bunch of currency speculators waiting to make a fortune as things twist and turn.  They have no more knowledge of the future than a fair ground fortune teller. They are parasites of society and just a bunch of gamblers.  The truth of all of this is that they has been little to no correlation between the value of sterling and the value of the world's stock markets on UK based and connected shares, where decisions are made on many other, longer term variables.  

[johnnybgood]

I was just reading this about sterling the former Queen of currencies. ????

 

https://www.zerohedge.com/news/2019-03-02/could-brexit-trigger-demise-sterling-reserve-currency-part-one

[likewise]

A correction in a much larger downtrend. GBp, Euro, USD.....will continue to lose out against most Asian currencies. Read up on market cycles.

[IssanMichael]

On 3/2/2019 at 4:46 PM, AlexRich said:

The GBP exchange rate reflects future prospects for the UK. The harder the Brexit the poorer those prospects become. 

Please explain why and give some details.

[trd]

we just saved them from an undemocratic future, ruled by people with whom they have no cultural, language or historical connection. 

Are you seriously suggesting that Britain has no connection with the rest of Europe. Have you read any European history? You use the word language in your post.

 

Origin of language

 

1250–1300; Middle English 

 

Anglo-French, variant spelling of langage, derivative of langue tongue

[BritManToo]

20 minutes ago, trd said:

Have you read any European history?

Mostly England fighting wars with every other EU country for domination of the world.