can the pound hold 39bt

[SheungWan]

6 hours ago, bomber said:

patriotic bulldogs,summer season i love in my local,they come back moaning about prices being expensive and then they blame the EU,how very sad,trying to explain to them is like impossible,yesterday a ex army mate of mine was trying to encourage someone to sell up and move to benidorm as its cheap as chips,it is quite cheap but may not be very soon.

If the person considering moving to Benidorm is reliant on Sterling income longer term then they might not want to take the risk if their wealth unduly suffers under further future exchange volatility.

[baansgr]

Look on the brightside. CPI will be higher thus a better increase in your private pensions.

[SheungWan]

40 is the new 50.

 

[baansgr]

2 minutes ago, SheungWan said:

40 is the new 50.

 

30 will be the new 40????

[vinny41]

2 hours ago, bomber said:

you will find free health care free,primary schools and free secondary schools are common place within the EU,and most wont be charging £9.00 for perscriptions or paying alcoholics extra benefits,France is the no1 most visited county on the planet if i remember correctly and certainly has a bit more going for it than the UK,mexico is popular with expats and holiday makers,china has good area's and a few  expats,same as various areas of africa.iam afraid the terraces have taken its toll on you,no surrender,rule britannia and all that rubbish.

7. United Kingdom - 37.7 million visitors

https://www.worldatlas.com/articles/10-most-visited-countries-in-the-world.html

 

You forget to mention the UK in your list of most pouplar visited countries

[userabcd]

Not looking good at all.

 

[bert bloggs]

12 hours ago, SteveK said:

Yes 35-36 for next 5 years sounds reasonable. The UK is disaster of a country clinging on to the days of the empire, it has nothing to offer apart from crap weather, crap food, overpriced property and some of the most disgusting, self-serving, lying, cheating politicians in the world. Anyone with assets or income in GBP is screwed.

 

The UK offers nothing in the modern world. Nobody likes the monarchy, there are race riots, the currency is plunging, it is the cancer of the modern world. The behaviour of the politicians is absolutely disgusting, the quicker the UK sinks from global warming the better.

I take it your rubber dinghy didnt make it across the channel then , better luck next time .

[luckyluke]

10 hours ago, sanemax said:

For some of us , the amount of money in our pockets or the exchange rate isnt our primary concern .

  Previous generations have suffered extreme hardship , millions dying for their Countries freedom

Melodramatic music, audience have tears in the eyes. 

"The End" appears on the screen. 

 

A couple of years ago, I read here :

 

" We have not vote Leave for us, but for our children/grandchildren." 

 

So sacrificing. 

[Kwasaki]

A lot of financial gurus on this Brexiteers bashing thread. ????

[baansgr]

6 minutes ago, Kwasaki said:

A lot of financial gurus on this Brexiteers bashing thread. ????

And the OP suddenly stopped posting at 6AM so probably dosn't even live in Thailand anymore

[david555]

10 hours ago, FritsSikkink said:

Don't worry about Brexit, if the Scotland  leaves the union, you will have an enormous deficit and the pound will go in a freefall.

Those "other" red lines are already designed in the backroom ….

 

[Chivas]

I find it seriously alarming that across multiple threads currently running and in the past that a serious amount of posters dont understand how Foreign Exchange works.

 

There is NO direct exchange rate between "Sterling"/Baht or "Euro"/Baht (enter your own "currency") EXCEPT the worlds reserve currency the US Dollar. The US Dollar is the only currency that has a direct exchange rate with every other currency in the world

The Baht takes its currency fix off the USD 24/7 and EVERY other currency exchange rate involves two pairs of currencies to calculate the FX rates we see

 

There is NO little man thinking I'll give 39 for the Brits today 22 for the Aussies and I dont like Merkel this week so we'll give the Euros 34

 

For Brits you take Sterling/Dollar and multiply it by Baht/Dollar to give the Interbank rate

For Euro you take Euro/Dollar and multiply it by Baht/Dollar to give interbank rate......and so on

 

Hope that helps a few. Its worrying lol that people travel 6000 miles but dont understand the money in their pocket

 

 

[alant]

16 hours ago, Jajazazajaja said:

I’m sick of being told by Brexiteers on fixed incomes that the pound will “come back” 

brexit will take 20 years to sort out and the pound will just keep sliding 

Brexit has not happened yet those supporting remain refuse to consider it is membership of the EU that has resulted in the UK economic situation. I used to get over 70 THB to the £, now less than 40, all contributed to by the EU membership.

[david555]

18 minutes ago, alant said:

Brexit has not happened yet those supporting remain refuse to consider it is membership of the EU that has resulted in the UK economic situation. I used to get over 70 THB to the £, now less than 40, all contributed to by the EU membership.

And so both sides keep in a blocked situation, with a further more declining sliding GBP , who ever is right …. in that outcome you are  united ….

[goldenbrwn1]

Good old Brexit debate????. Pretty sure that wasn’t in the threads title..

 

On topic, the £ imho is only down against the US $ because of the uncertainty. It’s basically been holding the $1.25/$1.35 area since brexit. If we left straight away on June 2016 the £ would be a lot higher by now after the initial drop because of the leave vote. 

 

Now for the three years since all we have done is keep the £ in limbo with speculators unwilling to let it drop too far because of the earning potential of Brexit being resolved (which it will be eventually.....). And it will be a huge earner!

 

Even if the worst scenario plays out the £ will probably drop again but again imho probably the $1.15- parity level for a short time. Then the uncertainty would be less so and I’m sure there will be lots of buyers waiting to pounce on sterling that low. 

 

Remember were not a banana republic ...don’t buy into the fear mongering.

Edited June 4, 2019 by goldenbrwn1

[bomber]

7 hours ago, SheungWan said:

40 is the new 50.

 

just work out everything at 50 its a nice round figure,it would look great on the side of a big red bus

[bomber]

6 hours ago, vinny41 said:

7. United Kingdom - 37.7 million visitors

https://www.worldatlas.com/articles/10-most-visited-countries-in-the-world.html

 

You forget to mention the UK in your list of most pouplar visited countries

the brexiteer stated france was a shit hole,i merely stated it was the no 1 visited country in the world,where the UK came wasnt an issue,it was about where i expected it to be,but it could rise with our EU friends nipping across the channel on booze cruises to stock up with the pound being knackered

[Estrada]

The Pound will fall to B30-35 after a hard Brexit crash out and stay around 39-40 id a soft Brexit. It will rise to B50 if we remain. I warned the Brexiteer economic suicide squad here at the time after they voted to leave and the Pound fell 20%. They then told me "don't worry it will climb back up within 3 weeks! Currently I am losing 27% of my pension's values compared to when the Conservatives first announced a referendum.

[AlexRich]

1 hour ago, alant said:

Brexit has not happened yet those supporting remain refuse to consider it is membership of the EU that has resulted in the UK economic situation. I used to get over 70 THB to the £, now less than 40, all contributed to by the EU membership.

Nothing to do with EU membership. If that were true then GBP would have strengthened against the Baht after the Brexit vote? It fell at least 20%. The great rate you used to get was following the Asian financial crisis, when the Baht was hit hard.

 

A good Brexit outcome, preferably no Brexit, will see the GBP rate recover, a “no deal” fiasco will see it weaken further. 

 

I think anyone from the UK living in Thailand or contemplating going to Thailand has to budget for 35 ... if you can cope with that rate you’ll be okay. 

[Chelseafan]

5 hours ago, userabcd said:

Not looking good at all.

 

Take a look over a 10 year period, it's even worse.

 

[nauseus]

4 hours ago, baansgr said:

And the OP suddenly stopped posting at 6AM so probably dosn't even live in Thailand anymore

He claims he doesn't. But that's OK. He's an expert on everything and a mathematical genius.

[bomber]

44 minutes ago, Chelseafan said:

Take a look over a 10 year period, it's even worse.

 

It reached 55 2 or 3 months before the referendum.

[SheungWan]

1 hour ago, Estrada said:

The Pound will fall to B30-35 after a hard Brexit crash out and stay around 39-40 id a soft Brexit. It will rise to B50 if we remain. I warned the Brexiteer economic suicide squad here at the time after they voted to leave and the Pound fell 20%. They then told me "don't worry it will climb back up within 3 weeks! Currently I am losing 27% of my pension's values compared to when the Conservatives first announced a referendum.

Unfortunately if your primary source of income is a Sterling based pension which is largely spent, then there is little you can do about anything other than watch.

[BritManToo]

9 minutes ago, SheungWan said:

Unfortunately if your primary source of income is a Sterling based pension which is largely spent, then there is little you can do about anything other than watch.

Not quite true, we could all dump out Thai gfs/wives, in effect doubling our income (by halving our spending).

Edited June 4, 2019 by BritManToo

[yodsak]

Just got 39.18 on a TT.   SCB

[BritManToo]

1 hour ago, Estrada said:

The Pound will fall to B30-35 after a hard Brexit crash out and stay around 39-40 id a soft Brexit. It will rise to B50 if we remain. I warned the Brexiteer economic suicide squad here at the time after they voted to leave and the Pound fell 20%. They then told me "don't worry it will climb back up within 3 weeks! Currently I am losing 27% of my pension's values compared to when the Conservatives first announced a referendum.

So you're claiming the UK pound would be the strongest currency in the west if not for Brexit?

Can't see that myself.

 

Also can't see how you're losing 27% of your pension, pound was 52 dropped to 40 = 23% drop

Not only that, but no need to change all your pension to Baht (unless it's really small).

Edited June 4, 2019 by BritManToo

[bomber]

2 minutes ago, BritManToo said:

Not quite true, we could all dump out Thai gfs/wives, in effect doubling our income (by halving our spending).

Malagateddy might not agree 

[bomber]

1 minute ago, BritManToo said:

So you're claiming the UK pound would be the strongest currency in the west if not for Brexit?

Can't see that myself.

The poster makes no reference to such a thing,youve dreamt it up

[bomber]

4 minutes ago, yodsak said:

Just got 39.18 on a TT.   SCB

Fill ya boots

[TKDfella]

12 hours ago, Chelseafan said:

I don't understand what you're trying to say ....

 

I don't know if you are British but it's not a "crap country", try living in Africa, China, Mexico or Russia.

Granted, the politics at the moment are abhorrent but that's only because we're stuck on the most crucial decision in our lifetimes.

I hope your children won't need free healthcare, free primary and secondary education and a social system that catches pretty much the most vulnerable.

 

The UK, like any other country isn't perfect but it's far from a shit hole. Trust me...I've been to France! ????

 

 

Aah, take no notice of 'S'. Usually it's others having a go at the Thai politics which ruffles him. 'S' is just in retaliation mode so if we just ignore him he might just wear his keyboard out or blow a gasket.

Edited June 4, 2019 by TKDfella