Pound is second-worst performing currency in the world

[RichardColeman]

Currencies go up, currencies go down. Learn to live with what you have. Adjust your life for time being if you need to.

 

Chances are once Brexit is dealt with - either way - and the baht goes goes down life will get better. The only question is how long and can people struggling make do until then

[Chomper Higgot]

Just now, RichardColeman said:

Currencies go up, currencies go down. Learn to live with what you have. Adjust your life for time being if you need to.

 

Chances are once Brexit is dealt with - either way - and the baht goes goes down life will get better. The only question is how long and can people struggling make do until then

It looks like you've been at the fortune cookies again.

 

The £/Baht is currently hovering around half of what it was when many British expats set up their lives in Thailand. 

 

On top of that there is inflation. 

 

Unfounded predictions of things getting better are at least a distraction. 

 

 

 

[fishtank]

25 minutes ago, puchooay said:

I must have missed that bit.

You must have because the country was.

[brokenbone]

1 hour ago, puchooay said:

Before the EU became a gravy train and let in countries with extremely low GDPs and very poor economies,between 2004 and 2007, it was 76.

yes, it is not in rich eu countries interest to carry these freeloaders,

so why are they accepted ?

i for one will certainly vote NO, and i think so would the majority

of eu citizens.

how to enforce democracy and responsibility on eu parliament ?

[SheungWan]

1 hour ago, anterian said:

It hurts, but so does major surgery, and the surgery was essential for our future survival as a sovereign nation.

Remember the guy in the movie Jabberwocky who argues that cutting your leg off is good business?

[SheungWan]

1 hour ago, Chomper Higgot said:

I have a sneaking suspicion that many of the Brits baying for hard Brexit and the damage that will do to the value of the pound have already been driven home by the exchange rate, their hope, others will be forced to follow them. 

Indeed. The sadder ones however are those who are or who will be on their way and think its worth paying the price.

[SheungWan]

1 hour ago, puchooay said:

Yes. What currency you use to compare to is not relevant. The point is the falling pound.

Actually it has to fall against something else. Very relevant.

[marcusarelus]

3 minutes ago, SheungWan said:

Actually it has to fall against something else. Very relevant.

Blindfold yourself and put a world map on the wall and throw a dart.  Chances are you will be correct. 

[canopus1969]

Not all gloom, from todays Telegraph :

 

The pound is 7pc higher than it was at the nadir of the global financial crisis in 2008, when the illusion briefly persisted that Europe was insulated from the effects of a bursting global debt bubble.

A weaker sterling risks inflation in normal times but the calculus is different in today’s weird global circumstances. Most developed countries are trying to drive down their currencies to steal a sliver of deficient world demand and stave off deflationary forces. The irony is that the UK alone - by political accident - has managed to pull off a structural devaluation and shift its interest rate regime onto a healthier “forward curve”.

[BritManToo]

2 hours ago, webfact said:

Green said: “The British pound is now the second-worst performing currency in the entire world.

He's, of course, completely wrong (maybe he meant to say 'second worst performing western currency).

Lot's of South American and African countries with currencies they print 00s on every year or two.

 

Here's a list of the ten worst, pound is not on that list.

https://fxssi.com/top-10-of-the-weakest-world-currencies-in-current-year

Edited July 31, 2019 by BritManToo

[bannork]

2 hours ago, puchooay said:

Before the EU became a gravy train and let in countries with extremely low GDPs and very poor economies,between 2004 and 2007, it was 76.

It was only 76 for a short time after the Tom Yang Kung crisis in 1997. When I first came to Thailand in 1987 the currency was tied to the dollar and fluctuated between 35-40 baht a pound.

[BritManToo]

49 minutes ago, RichardColeman said:

Chances are once Brexit is dealt with - either way - and the baht goes goes down life will get better. The only question is how long and can people struggling make do until then

I've worked out if the pound reduces to 25bht, I'l be OK in Thailand for the next ten years (VISA permitting).

After that, I'll have to make some cut backs, but I don't really expect to live beyond 73, so not too many worries.

[nauseus]

1 hour ago, sniggie said:

What's 'project fear' got to do with it. The collapse in the value of Sterling is happening NOW. It's not something that might happen. It's for real! 

Yes, I am very aware that it is happening now, thank you. I was actually referring to the sensationalism and error in the article. However, big banks and multi-national corporations favour EU membership and can use their influence to further affect the drop in Sterling and so create more fear, to try to confound Brexit.  

[nauseus]

3 minutes ago, BritManToo said:

I've worked out if the pound reduces to 25bht, I'l be OK in Thailand for the next ten years (VISA permitting).

After that, I'll have to make some cut backs, but I don't really expect to live beyond 73, so not too many worries.

Well go for 73+ anyway. Pound should be better by then. 

[sniggie]

51 minutes ago, RichardColeman said:

Currencies go up, currencies go down. Learn to live with what you have. Adjust your life for time being if you need to.

 

Chances are once Brexit is dealt with - either way - and the baht goes goes down life will get better. The only question is how long and can people struggling make do until then

You are right, of course. We all had to weather the fallout from the GFC in 2008 and, despite Cameron and Osborne's stewardship, the pound was staging a recovery in 2015. Then came the General Election followed by Brexit. The infuriating thing is that, this time, it's not global events that has sunk the pound, rather it's a self-inflicted catastrophe.

[Chivas]

54 minutes ago, RichardColeman said:

Currencies go up, currencies go down. Learn to live with what you have. Adjust your life for time being if you need to.

 

Chances are once Brexit is dealt with - either way - and the baht goes goes down life will get better. The only question is how long and can people struggling make do until then

For goodness sake.  Whats Brexit got to do with the Baht,  Please please try and grasp their is no direct exchange rate between Sterling/Baht.....none nada zilch.

[watcharacters]

9 minutes ago, BritManToo said:

I've worked out if the pound reduces to 25bht, I'l be OK in Thailand for the next ten years (VISA permitting).

After that, I'll have to make some cut backs, but I don't really expect to live beyond 73, so not too many worries.

 

Are you well skilled at predicting inflation?

 

[sniggie]

2 minutes ago, Chivas said:

For goodness sake.  Whats Brexit got to do with the Baht,  Please please try and grasp their is no direct exchange rate between Sterling/Baht.....none nada zilch.

The pound fell on the very day that the referendum result was announced. It fell against the Dollar, the HK dollar, the Euro and possibly the Dong for all I know. And if fell against the Baht. i would imagine that if the pound were to recover to even 1.50 USD there would be a concomitant rise against the baht. Brexit has caused the collapse of the pound against ALL major currencies - and the Baht.

[OJAS]

1 hour ago, PhonThong said:

Madagascan Ariary worst than Venezuela? Now that's bad.

This link would appear to be essential reading for any Brits minded to relocate to Madagascar:-

 

https://touringbuddy.com/visa-requirements-uk-passport-holders-–-madagascar-republic-madagascar/

 

[nauseus]

54 minutes ago, Chomper Higgot said:

It looks like you've been at the fortune cookies again.

 

The £/Baht is currently hovering around half of what it was when many British expats set up their lives in Thailand. 

 

On top of that there is inflation. 

 

Unfounded predictions of things getting better are at least a distraction. 

 

 

 

No cookies. He's actually been looking at forex history, which is what these many British expats might have been well advised to do before setting up in Thailand. But I think most of them were looking at the same thing I as looking at when I first came here. ????

 

I don't see that inflation has much to do with anything right now - you have to go to Venezuela and places like that for any serious stuff.

 

Re the Pound, of course it will get better... one day...not sure how long we will have to wait? 

[BritManToo]

7 minutes ago, watcharacters said:

Are you well skilled at predicting inflation?

Like what?

Bread flour still 32bht/Kg, same as it was 10 years back.

My home loan repayments will be the same for the next 20 years.

Petrol for my scooter cheaper than it was 10 years back (was 30bht/litre, now 28bht/litre)

 

When I first arrived my room rental was 5k/month, ten years later, same room is the same price.

Edited July 31, 2019 by BritManToo

[thirdleg]

2 minutes ago, BritManToo said:

Like what?

Bread flour still 32bht/Kg, same as it was 10 years back.

My home loan repayments will be the same for the next 20 years.

Petrol for my scooter cheaper than it was 10 years back (was 30bht/litre, now 28bht/litre)

and pu$$y, still get a good old shag for 1000 baht

[BritManToo]

Just now, thirdleg said:

and pu$$y, still get a good old shag for 1000 baht

Too old to be bothered by that much now, and my pal dying of AIDs last month has put me off a bit.

[CNXexpat]

But a few years after the Brexit the UK´s economy and the GBP will rise to new records, same as the economy. Right now all other countries are waiting to make very good trade contracts - very good for GB, not for them - with the UK, the industry will come back and the whole country will become a paradise. That´s what the Brexiteers think. The reality will become opposite.

[JamJar]

2 hours ago, nauseus said:

This is more Project Fear and I suspect very selective in terms of time-range. I would take a story from deVere with a pinch of salt, anyway. The story does not even quote the supposed worst currency, which is probably the Venezuelan Bolivar right now. There are a few obscure currencies doing worse in Africa etc. Sterling is not the second worse in terms of depreciation globally but of course it is crap at the moment against all major currencies. 

 

So find us a pundit who can convince us that the Pound will be back to where is was in a year. 

Enough of the Project Fear crud. Come up with some realistic facts and figures to show how the Pound can get back to where it was, in a year's time.

 

So much rubbish from the usual suspects. No substance to it whatsoever. Just nationalistic nonsense.

More like rats trying to escape from what they perceive as a sinking ship.

 

Let's see an analysis of what life would be like for the average Brit. Not just wishful comment that everything is going to be great.

 

How about wages? Our wages are worth less in real terms than ten years ago. How do you envisage that improving?

Is food going to become cheaper to produce or to import? How do you envisage that happening?

 

It not Project Fear, it's called using your intelligence and not just playing roulette with your future.

 

The Brexit liars have been telling us stories for years about deals being already done, but when asked to supply the proof, only silence.

 

In fact most deals were only signed this year. https://www.bbc.co.uk/news/uk-47213842

 

Liam Fox himself admits that it is much more complex than he imagined at the time of the referendum.

What?! 

 

So if the leaders were lying through their teeth, what hope for their true believers?

 

We need facts, not <deleted>.

 

 

 

 

[Isaanbiker]

Here's the solution. The Euro for the whole UK and all is solved. Almost all. 

[SteveK]

Just now, Isaanbiker said:

Here's the solution. The Euro for the whole UK and all is solved. Almost all. 

Then it would be another 3 years whilst the incompetent morons in the government bicker over how to implement such a strategy.

[BritManToo]

1 minute ago, JamJar said:

How about wages? Our wages are worth less in real terms than ten years ago. How do you envisage that improving?

Is food going to become cheaper to produce or to import? How do you envisage that happening?

That's because the Polish will work for less and drive the wages down.

But generally the whole of the western world is becoming like that, less money, less pension, less prospects.

[nauseus]

2 minutes ago, JamJar said:

 

So find us a pundit who can convince us that the Pound will be back to where is was in a year. 

Enough of the Project Fear crud. Come up with some realistic facts and figures to show how the Pound can get back to where it was, in a year's time.

 

So much rubbish from the usual suspects. No substance to it whatsoever. Just nationalistic nonsense.

More like rats trying to escape from what they perceive as a sinking ship.

 

Let's see an analysis of what life would be like for the average Brit. Not just wishful comment that everything is going to be great.

 

How about wages? Our wages are worth less in real terms than ten years ago. How do you envisage that improving?

Is food going to become cheaper to produce or to import? How do you envisage that happening?

 

It not Project Fear, it's called using your intelligence and not just playing roulette with your future.

 

The Brexit liars have been telling us stories for years about deals being already done, but when asked to supply the proof, only silence.

 

In fact most deals were only signed this year. https://www.bbc.co.uk/news/uk-47213842

 

Liam Fox himself admits that it is much more complex than he imagined at the time of the referendum.

What?! 

 

So if the leaders were lying through their teeth, what hope for their true believers?

 

We need facts, not <deleted>.

 

 

 

 

You are carping on about a lot of different stuff that was not in my post. Requests denied.

[nauseus]

2 minutes ago, Isaanbiker said:

Here's the solution. The Euro for the whole UK and all is solved. Almost all. 

Your so-called solution is one of the main reasons for the leave vote.