SheungWan Posted July 4, 2019 Share Posted July 4, 2019 Seriously, you are blaming Carney for the devaluation of the pound? wow, that’s a completely new level of bull****Not quite. Blaming others for any clear negative outcomes is a central part of the populist playbook.Sent from my SM-N935F using Thailand Forum - Thaivisa mobile app Link to comment Share on other sites More sharing options...
nauseus Posted July 4, 2019 Share Posted July 4, 2019 (edited) 6 hours ago, Jajazazajaja said: Seriously, you are blaming Carney for the devaluation of the pound? wow, that’s a completely new level of bull**** That's not what I said. Carney's input has had its influence since the referendum - obviously not the main reason for the pound weakening but he does not help. Let's see how the Euro does over the next few months before you all get too excited. Edited July 4, 2019 by nauseus 2 Link to comment Share on other sites More sharing options...
Popular Post worgeordie Posted July 4, 2019 Popular Post Share Posted July 4, 2019 37 +few satang at Bangkok bank this morning, the heading needs to be now ,will the £ hold 37 !!! regards Worgeordie 2 1 Link to comment Share on other sites More sharing options...
Huayrat Posted July 4, 2019 Share Posted July 4, 2019 10 hours ago, Jajazazajaja said: Seriously, you are blaming Carney for the devaluation of the pound? wow, that’s a completely new level of bull**** Not BS at all.. Open your eyes and when he talks garbage which he does 100% of the time then watch the pound fall.. It really does everytime.. This man has been pissing me off for the last 3 years.. He needs to keep his mouth shut .. He is wrong everytime. 1 Link to comment Share on other sites More sharing options...
Kinnock Posted July 4, 2019 Share Posted July 4, 2019 Just tried to use one of those $, £ and € multi-currency ATM's while passing through Heathrow - £/$ exchange rate was 1.01. I know those machines have a poor exchange rate, but still ???? But loads of foreign tourists taking advantage of the low Pound. Link to comment Share on other sites More sharing options...
Jajazazajaja Posted July 4, 2019 Share Posted July 4, 2019 3 hours ago, nauseus said: That's not what I said. Carney's input has had its influence since the referendum - obviously not the main reason for the pound weakening but he does not help. Let's see how the Euro does over the next few months before you all get too excited. I don’t care how the euro does. I don’t get any comfort from the fact Brexit is harming the EU as well as the UK 1 Link to comment Share on other sites More sharing options...
Jajazazajaja Posted July 4, 2019 Share Posted July 4, 2019 43 minutes ago, Huayrat said: Not BS at all.. Open your eyes and when he talks garbage which he does 100% of the time then watch the pound fall.. It really does everytime.. This man has been pissing me off for the last 3 years.. He needs to keep his mouth shut .. He is wrong everytime. You read some rubbish on here, dont you? I guess Carney doesn’t “believe” enough, right? 1 1 Link to comment Share on other sites More sharing options...
Popular Post SheungWan Posted July 4, 2019 Popular Post Share Posted July 4, 2019 Not BS at all.. Open your eyes and when he talks garbage which he does 100% of the time then watch the pound fall.. It really does everytime.. This man has been pissing me off for the last 3 years.. He needs to keep his mouth shut .. He is wrong everytime.Carney's big mistake is to rely on data. If only he was to follow the Hard Brexit Hail Mary! strategy he would be on the right track and sterling would reverse its 25% drop.Sent from my SM-N935F using Thailand Forum - Thaivisa mobile app 3 Link to comment Share on other sites More sharing options...
Popular Post Jajazazajaja Posted July 4, 2019 Popular Post Share Posted July 4, 2019 19 minutes ago, SheungWan said: Carney's big mistake is to rely on data. If only he was to follow the Hard Brexit Hail Mary! strategy he would be on the right track and sterling would reverse its 25% drop. Sent from my SM-N935F using Thailand Forum - Thaivisa mobile app It’s difficult to know who to listen to about the economic impact of Brexit, The Governor of the Bank of England or a retired plumber from Dartford?. 3 Link to comment Share on other sites More sharing options...
SheungWan Posted July 4, 2019 Share Posted July 4, 2019 On 6/20/2019 at 5:04 AM, Kwasaki said: Amazing 22 pages of fortune tellers. On 6/20/2019 at 5:26 AM, nauseus said: Yes. What would you like to know? ???? It makes a difference if an individual has taken or intends taking a significant currency position as a result of forwards projection. Even doing nothing ie sitting on sterling is a position. Three years of net decline since the referendum. 1 Link to comment Share on other sites More sharing options...
AlexRich Posted July 4, 2019 Share Posted July 4, 2019 2 hours ago, Jajazazajaja said: You read some rubbish on here, dont you? I guess Carney doesn’t “believe” enough, right? Just about sums up Brexiteer logic ... we’re not hitting those sunny uplands we were promised because “remoaners” are dragging us down. Never seems to occur to them that they are reaping what they have sowed? Link to comment Share on other sites More sharing options...
sanemax Posted July 4, 2019 Share Posted July 4, 2019 5 minutes ago, AlexRich said: Just about sums up Brexiteer logic ... we’re not hitting those sunny uplands we were promised because “remoaners” are dragging us down. Never seems to occur to them that they are reaping what they have sowed? We havent left the EU though , had we left the EU things may be better now . You mention Brexiteers logic , but you are doing exactly the same as them , as you have no idea how things would be , had we left three years ago 1 Link to comment Share on other sites More sharing options...
AlexRich Posted July 4, 2019 Share Posted July 4, 2019 3 minutes ago, sanemax said: We havent left the EU though , had we left the EU things may be better now . You mention Brexiteers logic , but you are doing exactly the same as them , as you have no idea how things would be , had we left three years ago Same old Max .... there’s always an excuse ... keep spinning that Brexit fantasy. The whole thing has been a mess and looks likely to get messier. Link to comment Share on other sites More sharing options...
sanemax Posted July 4, 2019 Share Posted July 4, 2019 Just now, AlexRich said: Same old Max .... there’s always an excuse ... keep spinning that Brexit fantasy. The whole thing has been a mess and looks likely to get messier. I did not make any excuse though and I also didnt spin any fantasy . I merely stated that we havent left the EU yet and no one can say what the economic situation would be like now, had we left the EU three years ago 1 Link to comment Share on other sites More sharing options...
Naam Posted July 4, 2019 Share Posted July 4, 2019 On 7/3/2019 at 4:20 AM, roadrunner32 said: Thai Baht is the problem. Of course the pound has his own trouble due to the brexit but the Baht is growing up against all western currencies for a while and it seems not to want to stop. I wonder why no one take action against that? That is right? Is that everything ok for the thai central bank and for thai authorities too? They have the power to stop and to reverse it. Why don't they do it? Apparently for some dark reason of which it's not given us to know, it is ok for them. the Thai Baht is your problem Mate and no action is taken because obviously the Bank of Thailand and other authorities think that everything is ok. you are right "they" could reverse it but it's not an easy procedure and the only dark reason why it is not reversed is created by bar stool talk (because for a bottle of Singha, Chang, Heineken or the fee of a working Lady more $, £, €, AUD have to be shelled out) backed by wishful thinking and wet dreams of expats who derive their income in $, £, €, AUD and have problems to make ends meet. Link to comment Share on other sites More sharing options...
nauseus Posted July 4, 2019 Share Posted July 4, 2019 15 minutes ago, Naam said: the Thai Baht is your problem Mate and no action is taken because obviously the Bank of Thailand and other authorities think that everything is ok. you are right "they" could reverse it but it's not an easy procedure and the only dark reason why it is not reversed is created by bar stool talk (because for a bottle of Singha, Chang, Heineken or the fee of a working Lady more $, £, €, AUD have to be shelled out) backed by wishful thinking and wet dreams of expats who derive their income in $, £, €, AUD and have problems to make ends meet. The Thai Government is aware that Thai exports are and will be affected. There has been a subtle drop in the baht (v USD) this week, while the dollar has also weakened against some other currencies (not the pound of course) and this is rare. But the Bank of Thailand is limited in what it can do on it's own. Link to comment Share on other sites More sharing options...
Naam Posted July 4, 2019 Share Posted July 4, 2019 45 minutes ago, nauseus said: The Thai Government is aware that Thai exports are and will be affected. There has been a subtle drop in the baht (v USD) this week, while the dollar has also weakened against some other currencies (not the pound of course) and this is rare. But the Bank of Thailand is limited in what it can do on it's own. i see a subtle strengthening of THB/USD. 1 1 Link to comment Share on other sites More sharing options...
CLS Posted July 4, 2019 Share Posted July 4, 2019 [quote post="14312343" But the Bank of Thailand is limited in what it can do on it's own.The BoT has a as any national/central a bunch of possibilities to influence their currency.- cut interest rates - buy foreign currencies/sell THB- buy foreign bonds - restrict foreign currency inflows But all this would make the Thai elite poorer, so not in their books.Time for a new George Soros.Sent from my iPhone using Thailand Forum - Thaivisa mobile app 1 Link to comment Share on other sites More sharing options...
nauseus Posted July 4, 2019 Share Posted July 4, 2019 9 minutes ago, CLS said: [quote post="14312343" But the Bank of Thailand is limited in what it can do on it's own. The BoT has a as any national/central a bunch of possibilities to influence their currency. - cut interest rates - buy foreign currencies/sell THB - buy foreign bonds - restrict foreign currency inflows But all this would make the Thai elite poorer, so not in their books. Time for a new George Soros. Sent from my iPhone using Thailand Forum - Thaivisa mobile app Most of your "possibilities" are not suited to this economy at this time. Foreign reserves are already high v GDP, they do not need to buy foreign currency. They just limited a Thai debt issue. 1 Link to comment Share on other sites More sharing options...
kingdong Posted July 4, 2019 Share Posted July 4, 2019 On 6/4/2019 at 1:32 PM, SheungWan said: Most of us buy baht in Thailand (and not the Airport) try super rich in the basement,just as good if not slightly better than tt in pattaya Link to comment Share on other sites More sharing options...
kingdong Posted July 4, 2019 Share Posted July 4, 2019 3 hours ago, AlexRich said: Just about sums up Brexiteer logic ... we’re not hitting those sunny uplands we were promised because “remoaners” are dragging us down. Never seems to occur to them that they are reaping what they have sowed? no,they are reaping the situation created by remoaners who don,t want to respect a democratic vote,and politicians putting their own pathetic egos and personal financial circumstances before that of their duty to the citizens,until we are out things cannot start to get better,forget the uk for one minute and look at the rest of the eu,do,es anyone honestly think it will survive once the uks gone? 1 1 1 Link to comment Share on other sites More sharing options...
Popular Post AlexRich Posted July 4, 2019 Popular Post Share Posted July 4, 2019 31 minutes ago, kingdong said: no,they are reaping the situation created by remoaners who don,t want to respect a democratic vote,and politicians putting their own pathetic egos and personal financial circumstances before that of their duty to the citizens,until we are out things cannot start to get better,forget the uk for one minute and look at the rest of the eu,do,es anyone honestly think it will survive once the uks gone? I’ve been hearing this “EU won’t survive” nonsense for years. The only possibility that I see is adjustments to the Euro but the EU will be going strong long after the UK is no more ... with Scotland and Northern Ireland leaving after a “no deal” disaster. It’s the UK that will dissolve, not the EU. 2 1 1 Link to comment Share on other sites More sharing options...
JASON THAI Posted July 4, 2019 Share Posted July 4, 2019 On 6/4/2019 at 1:45 PM, 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. The High Baht has also take effect on the £ as with the US. AUD & CAN $ as well as the Euro all are down about 20%, I remember when the £ was around 65 then in 2008 the banking crises happened which hammered the £ & it started to drop to 50 then high/mid 40's, then Brexit in 2016 which sent the £ down further it's going to take a long time or I may not see it in my lifetime to see the £ go back up to the 60's again. 1 Link to comment Share on other sites More sharing options...
CLS Posted July 4, 2019 Share Posted July 4, 2019 Most of your "possibilities" are not suited to this economy at this time. Foreign reserves are already high v GDP, they do not need to buy foreign currency. They just limited a Thai debt issue. TH at 40% of GDPCH at 108% of GDPBut fight against currency appreciation comes with a risk.Sent from my iPhone using Thailand Forum - Thaivisa mobile app 1 Link to comment Share on other sites More sharing options...
nauseus Posted July 4, 2019 Share Posted July 4, 2019 2 minutes ago, CLS said: TH at 40% of GDP CH at 108% of GDP But fight against currency appreciation comes with a risk. Sent from my iPhone using Thailand Forum - Thaivisa mobile app Yes, these numbers were in the Post today. But look at the others! Link to comment Share on other sites More sharing options...
elliss Posted July 4, 2019 Share Posted July 4, 2019 (edited) 11 hours ago, worgeordie said: 37 +few satang at Bangkok bank this morning, the heading needs to be now ,will the £ hold 37 !!! regards Worgeordie NO.. End of year , 35 bht .. Edited July 4, 2019 by elliss Link to comment Share on other sites More sharing options...
Popular Post SheungWan Posted July 4, 2019 Popular Post Share Posted July 4, 2019 no,they are reaping the situation created by remoaners who don,t want to respect a democratic vote,and politicians putting their own pathetic egos and personal financial circumstances before that of their duty to the citizens,until we are out things cannot start to get better,forget the uk for one minute and look at the rest of the eu,do,es anyone honestly think it will survive once the uks gone?Actually the current decline in Sterling is prompted by both Tory Party candidates threatening a no-deal Brexit. Trashing Sterling now seemingly considered by Hard Brexiteers as a patriotic duty. Cult or what?Sent from my SM-N935F using Thailand Forum - Thaivisa mobile app 1 1 1 Link to comment Share on other sites More sharing options...
Popular Post Mikisteel Posted July 4, 2019 Popular Post Share Posted July 4, 2019 45 baht by September. 4 Link to comment Share on other sites More sharing options...
observer90210 Posted July 4, 2019 Share Posted July 4, 2019 No matter what the realities of the market are, any currency can be manipulated by it's governance, usually to serve the interests of a powerful few. Link to comment Share on other sites More sharing options...
SheungWan Posted July 4, 2019 Share Posted July 4, 2019 45 baht by September. That would be September of which year gone by?Sent from my SM-N935F using Thailand Forum - Thaivisa mobile app 1 1 Link to comment Share on other sites More sharing options...
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