GBP to Thai Baht.

[Essex Reject]

On 3/2/2019 at 2:59 PM, nausea said:

Love the timing, end of the month, just right for my pension payment.

How many extra Khao Pad's can you buy this month with the extra money?

[trd]

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

So England is full of the English is it? You do know what has gone into making Anglo-Saxon DNA don't you?

[Henryford]

8 minutes ago, BritManToo said:

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

Er usually it's Britain fighting the EU countries to stop THEM getting world domination. We didn't start WW2 or WW1 or the Napoleonic wars.

[steve73]

2 minutes ago, Henryford said:

Er usually it's Britain fighting the EU countries to stop THEM getting world domination. We didn't start WW2 or WW1 or the Napoleonic wars.

..and we kind of threw the towel in in 1066...

[AlexRich]

7 hours ago, IssanMichael said:

Please explain why and give some details.

Please explain why it’s wrong, and give some details.

[AlexRich]

14 hours ago, AdamKnight said:

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. 

You believe a “no deal” exit on 29 March would be a neutral event for GBP? England has done quite well? ... yes, Charles Dickens chronicled work houses and paupers quite well ... the good old days. As ever, people harking back to some halcyon days that never existed.

Edited March 4, 2019 by AlexRich

[Pilotman]

2 hours ago, steve73 said:

..and we kind of threw the towel in in 1066...

that's because the King didn't see it coming. ???? 

[Pilotman]

13 minutes ago, AlexRich said:

You believe a “no deal” exit on 29 March would be a neutral event for GBP? England has done quite well? ... yes, Charles Dickens chronicled work houses and paupers quite well ... the good old days. As ever, people harking back to some halcyon days that never existed.

we live in a truly global world now, not just an EU world with trade protection among its members, so that it can protect its own vested interests, like French Farmers, German manufacturing and Spanish fishing.  Set free we can trade globally again. Bring it on.  

[AlexRich]

1 minute ago, Pilotman said:

we live in a truly global world now, not just an EU world with trade protection among its members, so that it can protect its own vested interests, like French Farmers, German manufacturing and Spanish fishing.  Set free we can trade globally again. Bring it on.  

We are already getting hints about our global trade deals. The US are laying down the law on not only food but also NHS business, not to mention who we can do deals with. Brazil trade guy keen to take advantage of a country desperate for trade deals, Japan positioning to squeeze us. The UK does not have the commercial weight of the EU, so it will be taking what’s on offer. Namely, the merde end of the stick. 

[Fairynuff]

2 hours ago, Pilotman said:

we live in a truly global world now, not just an EU world with trade protection among its members, so that it can protect its own vested interests, like French Farmers, German manufacturing and Spanish fishing.  Set free we can trade globally again. Bring it on.  

Britain already trades globally. No need to shoot yourself in the foot

[sanemax]

7 hours ago, steve73 said:

..and we kind of threw the towel in in 1066...

Made amends in 1966 though 

[Pilotman]

11 hours ago, AlexRich said:

We are already getting hints about our global trade deals. The US are laying down the law on not only food but also NHS business, not to mention who we can do deals with. Brazil trade guy keen to take advantage of a country desperate for trade deals, Japan positioning to squeeze us. The UK does not have the commercial weight of the EU, so it will be taking what’s on offer. Namely, the merde end of the stick. 

Not quite true. 'Trade deals' are those negotiated outside the rules of the international WTO tariff rules that, because of the structure of global trade, are not as onerous as they used to be.  if we never did a large bilateral  'trade deal' with any country, we would still be trading favourably ( to the EU) under WTO rules.  The difference is that we are free to set our own tariffs much lower and also set our tax rates at levels that will attract new investment.  The doom and gloom is being massively overplayed as most countries of the world trade within the WTO. 

[Pilotman]

9 hours ago, Fairynuff said:

Britain already trades globally. No need to shoot yourself in the foot

Only through EU rules and restrictions, that's the point. Leaving gives us the unrestricted access of the WTO. 

[Fairynuff]

11 minutes ago, Pilotman said:

Only through EU rules and restrictions, that's the point. Leaving gives us the unrestricted access of the WTO. 

Some people just don’t get it

[Mark1066]

On 3/3/2019 at 3:32 PM, sanemax said:

Common sense really  , dont need much intelligence to understand that 

I’m not sure whether I understood your original post correctly - you think a strong pound is good for exports and the tourist industry?

[Jaggg88]

On 3/2/2019 at 9:46 AM, AlexRich said:

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

How do you know that? Are you another Brexit expert? Nobody knows how things will pan out as this has never been done before. The GBP increased against the euro and $ on the day Honda announced they were closing their plant so why did currency speculators think UK PLC was suddenly a good investment?

[Pilotman]

On 3/2/2019 at 4:59 PM, 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

a low value pound fuels inflation. never a good thing at any time. It raises prices of imports and makes living harder and more expensive. As the UK is no longer a largely manufacturing country, a low value pound is a real negative. 

[AlexRich]

35 minutes ago, Jaggg88 said:

How do you know that? Are you another Brexit expert? Nobody knows how things will pan out as this has never been done before. The GBP increased against the euro and $ on the day Honda announced they were closing their plant so why did currency speculators think UK PLC was suddenly a good investment?

 

It's got more to do with not having a "no deal" Brexit. That would be toxic for GBP ... so any news that takes us further away from that will be good for GBP.

 

The Honda news, and the Nissan news, and the general gloom on UK auto manufacturers backs up that sentiment. 

 

Of course if you believe that a "no deal" Brexit will send GBP soaring good luck with that idea.

 

Edited March 5, 2019 by AlexRich

[Fairynuff]

31 minutes ago, AlexRich said:

 

It's got more to do with not having a "no deal" Brexit. That would be toxic for GBP ... so any news that takes us further away from that will be good for GBP.

 

The Honda news, and the Nissan news, and the general gloom on UK auto manufacturers backs up that sentiment. 

 

Of course if you believe that a "no deal" Brexit will send GBP soaring good luck with that idea.

 

Unicorns are coming.... Ree-Smugg said so

[AlexRich]

2 minutes ago, Fairynuff said:

Unicorns are coming.... Ree-Smugg said so

And his financial company will be lining up to short GBP if he thinks that "no deal" will be the eventual outcome. 

[Saraphee]

On 3/2/2019 at 6:36 PM, 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. 

I'd like to speak with your cat, I think I'd have more faith in her...............

[Pilotman]

5 minutes ago, Saraphee said:

I'd like to speak with your cat, I think I'd have more faith in her...............

She is very clever. 

[bomber]

On 3/3/2019 at 8:26 AM, Baerboxer said:

 

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

 

sanemax ???? loves his UK and think its going to be utopia if/when it leaves the EU,a pounds worth a pound down his local spoonies,he probably hasnt been to thailand since the pound dropped lower than 50

[bomber]

On 3/3/2019 at 10:01 AM, DPKANKAN said:

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!!

it lost money in 2018 ????

[bomber]

4 hours ago, Pilotman said:

a low value pound fuels inflation. never a good thing at any time. It raises prices of imports and makes living harder and more expensive. As the UK is no longer a largely manufacturing country, a low value pound is a real negative. 

sanemax cannot get that into his head,the amount of times ive had to explain that to him and others on this board is staggering.

[bomber]

22 hours ago, sanemax said:

Made amends in 1966 though 

spoony talk.

[manchega]

On 3/5/2019 at 8:38 PM, Jaggg88 said:

How do you know that? Are you another Brexit expert? Nobody knows how things will pan out as this has never been done before. The GBP increased against the euro and $ on the day Honda announced they were closing their plant so why did currency speculators think UK PLC was suddenly a good investment?

not sure your argument is particularly strong here

speculators are in a crap shoot, they don't care as long as they get the dailies or hourlies,

[onera1961]

On 3/2/2019 at 8:18 PM, Pilotman said:

the 2008 banking crisis dispelled any notion that anyone knows anything about the future of world trade, or of national economics. Economists are like fair ground fortune tellers, con artists, and about as accurate.  

People who could speculate make lots of money. Like Soros. He made money from Asian financial crisis.

[Fairynuff]

On 3/15/2019 at 9:44 AM, onera1961 said:

People who could speculate make lots of money. Like Soros. He made money from Asian financial crisis.

Lots of people did not just him