Pound drops as fears of no-deal Brexit grow

[Forethat]

2 hours ago, SheungWan said:

Back to the recent lows: 6 months of Brexiteer success:

According to your logic, the EU are leaving the EU as well. I know this sounds bizarre (doesn't it!), but that's where you end up if you keep blaming a strong Baht on Brexit. 

3 months of EU success....

[ThaiBunny]

Just now, Forethat said:

According to your logic, the EU are leaving the EU as well. I know this sounds bizarre (doesn't it!), but that's where you end up if you keep blaming a strong Baht on Brexit.

The German economy is heading into recession

[zorrow424]

2 minutes ago, Forethat said:

According to your logic, the EU are leaving the EU as well. I know this sounds bizarre (doesn't it!), but that's where you end up if you keep blaming a strong Baht on Brexit. 

3 months of EU success....

The irish pair just keep talking to each other  Shock horror of it all,...pathetic  no irish jokes as yet tho

[bristolboy]

21 minutes ago, Forethat said:

According to your logic, the EU are leaving the EU as well. I know this sounds bizarre (doesn't it!), but that's where you end up if you keep blaming a strong Baht on Brexit. 

3 months of EU success....

Do you understand that Sheungwan was comparing the GBP to the dollar? What possible relevance does comparing that to the Euro's performance against the Baht? What you're doing isn't even a case of comparing apples and  oranges. More like comparing apples & oranges to grapes & pears. A completely useless evaluation. Next time considering comparing the Euro's performance against the dollar to the the GBP's performance against the dollar. Or both against the baht. 

[sanemax]

38 minutes ago, beautifulthailand99 said:

 Anyway people here aren't most people they have some affinity with Thailand and need Thai baht at some point -and we are getting royally stuffed. 

you can suffer a little bit for Independence for your country, many people from previous generations gave their lives for the uks independence, surely you can be a bit poorer for a few years

[zorrow424]

30 minutes ago, sanemax said:

you can suffer a little bit for Independence for your country, many people from previous generations gave their lives for the uks independence, surely you can be a bit poorer for a few years

He is irish

[Forethat]

31 minutes ago, bristolboy said:

Do you understand that Sheungwan was comparing the GBP to the dollar? What possible relevance does comparing that to the Euro's performance against the Baht? What you're doing isn't even a case of comparing apples and  oranges. More like comparing apples & oranges to grapes & pears. A completely useless evaluation. Next time considering comparing the Euro's performance against the dollar to the the GBP's performance against the dollar. Or both against the baht. 

Do you understand that I was pointing out the flawed logic in Sheungwans post? The value of one currency against another currency is based on TWO things:

1. The value of currency A

2. The value of currency B

 

Shockingly enough, this logic applies to ALL currency exchange rates. It's not just the value of the Pound, it's the value of the other currency. Right now the USD is strong - it didn't get strong because of Brexit. In fact, one of the biggest reasons the USD is so strong is because of the weak Euro.

 

So the pound is not weak against the USD (or THB as I tried to exemplify) because of Brexit.

[bristolboy]

1 hour ago, Forethat said:

Do you understand that I was pointing out the flawed logic in Sheungwans post? The value of one currency against another currency is based on TWO things:

1. The value of currency A

2. The value of currency B

 

Shockingly enough, this logic applies to ALL currency exchange rates. It's not just the value of the Pound, it's the value of the other currency. Right now the USD is strong - it didn't get strong because of Brexit. In fact, one of the biggest reasons the USD is so strong is because of the weak Euro.

 

So the pound is not weak against the USD (or THB as I tried to exemplify) because of Brexit.

If that were the case, then the Euro and the Pound should have declined roughly by the same amount against the dollar. Is that the case?

What's more your "explanation" makes no sense. What you did was take a comparison of the performance currency A vs currency B and then compared that performance to that of currency C vs currency D.

A pointless comparison.

How does the performance of the Euro vs. the Baht shed any light on how the GBP is doing? Unless, of course, you would compare the GBP's performance against the Baht?

But why use the Baht at all? It's a minor currency and it has risen against the dollar. So you're comparing the performance of the Euro against a currency that has risen against the dollar to a currency, the GBP, that has declined against the dollar. Why?

[welovesundaysatspace]

[SheungWan]

Its an old but consistent story: Hard Brexit sends Sterling down and any reverse to the no-deal crackpots sends Sterling up. Great amusement reading above some Hard Brexiteer trying to spin the Sterling narrative otherwise.

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[elliss]

22 hours ago, sanemax said:

It makes little difference to people living in the UK , (what the Pound /Baht exchange rate is)

 

      It makes a great difference to expats in Thaland.  Not many of us on this forum...

 

 

[Forethat]

11 minutes ago, bristolboy said:

If that were the case, then the Euro and the Pound should have declined roughly by the same amount against the dollar. Is that the case?

What's more your "explanation" makes no sense. What you did was take a comparison of the performance currency A vs currency B and then compared that performance to that of currency C vs currency D.

A pointless comparison.

How does the performance of the Euro vs. the Baht shed any light on how the GBP is doing? Unless, of course, you would compare the GBP's performance against the Baht?

But why use the Baht at all? It's a minor currency and it has risen against the dollar. So you're comparing the performance of the Euro against a currency that has risen against the dollar to a currency, the GBP, that has declined against the dollar. Why?

You simply refuse to appreciate that the GBP exchange rate is based on a large number of factors (other currencies value included) and not entirely on Brexit, don't you?

 

[baboon]

2 hours ago, welovesundaysatspace said:

Wow. The UK is really roaring back, eh? The GBPeso hasn't leapt at all, just arrested its decline for the moment.

[Bruntoid]

5 hours ago, Forethat said:

According to your logic, the EU are leaving the EU as well. I know this sounds bizarre (doesn't it!), but that's where you end up if you keep blaming a strong Baht on Brexit. 

3 months of EU success....

Wow - So the Brexit calamity doesn’t affect the pound ? Seriously ? 

 

Every tine Boris speaks pound drops - talk of a deal pound rises, heroic defections pound climbs 

 

Nothing to do with Brexit whatsoever ...????

[Bruntoid]

41 minutes ago, Forethat said:

You simply refuse to appreciate that the GBP exchange rate is based on a large number of factors (other currencies value included) and not entirely on Brexit, don't you?

 

But predominantly Brexit correct ? 

 

Still at least a partial admission Brexit is destroying the nations currency - that’s progress 

 

Meanwhile Bercow has just played another blinder in allowing the emergency debate .... good lad 

[beautifulthailand99]

5 hours ago, sanemax said:

you can suffer a little bit for Independence for your country, many people from previous generations gave their lives for the uks independence, surely you can be a bit poorer for a few years

most of the Thai loving impoverished don't have time on their side - that and the increasing cost of visas and reporting and hoops to jump through - the 'dream' that kept them nourished during their working lives is turning into a nightmare. 

 

Oddschecker showing a big move to back a 'with deal Brexit'

No Deal Brexit?
No (Withdrawal Agreement is ratified, Article 50 extended beyond 2019 or Article 50 revoked)
3/5
Yes (UK leave the EU in 2019 without Withdrawal Agreement in place)

7/4

 

So if you no deal nutters fancy a flutter and get some of your ravished baht back then they are good odds if you believe you can get your clean break Farage compliant Brexit. 

[SheungWan]

Sterling rose today as the Tories lost their overall majority in Parliament as Conservative MP crossed the Floor to Lib Dems.

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[JHolmesJr]

1 minute ago, SheungWan said:

Sterling rose today as the Tories lost their overall majority in Parliament as Conservative MP crossed the Floor to Lib Dems.

Traitor

[oldhippy]

1 minute ago, JHolmesJr said:

Traitor

Shoot them as they do in North Korea ?

 

[vogie]

7 minutes ago, SheungWan said:

Sterling rose today as the Tories lost their overall majority in Parliament as Conservative MP crossed the Floor to Lib Dems.

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Sterling would have risen a long time ago if the remainers had backed the countrys decision to leave the EU, always somebody elses fault.

[beautifulthailand99]

17 minutes ago, vogie said:

Sterling would have risen a long time ago if the remainers had backed the countrys decision to leave the EU, always somebody elses fault.

"Easiest trade deal in history" Liam Fox

"Thick as mince Davies on day 1 of negotiation"

"The EU will collapse" 80% of EU citizens now support staying in. 

 

Brexiteers own this sheet-show - they voted to leave had Brexiters in command and 3 years on for what  - nothing. You Leavers own this lock stock and smoking barrel. 

And they call us remoaners - whose moaning now ?

 

Heard some good gossip last night from people in the know.

 

1. David and Samantha Cameron went to an opening of an art exhibition - where Dave was subjected to a 5 minute harangue from a Remoaner - the gallery went quiet as everyone listened intently.  Then one person started to stamp their feet , followed by another until the air was ringing with the sound of stamping feet. They left to jeers and cheers. 

 

2. Boris argument with gf wasn't just about red wine on the sofa but was more serious. There may be more storks visiting courtesy of spunk-bag Boris. 

 

[oldhippy]

David Cameron, is that the one who started the brexit circus?

Didn't he have other things to do with pigs?

 

[SheungWan]

Sterling would have risen a long time ago if the remainers had backed the countrys decision to leave the EU, always somebody elses fault.

What Sterling does not like right now is no-deal Brexit. The referendum vote did not decide that option. Try again.

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[beautifulthailand99]

11 minutes ago, SheungWan said:

What Sterling does not like right now is no-deal Brexit. The referendum vote did not decide that option. Try again.

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The fuzzie-wussies don't like it up 'em......

[beautifulthailand99]

Is the Torygraph seeing BoJo as a busted flush .....

 

Corbyn better than no-deal Brexit, say investment banks as anti-capitalist Labour wins unlikely new City fans

https://www.telegraph.co.uk/business/2019/09/03/corbyn-better-no-deal-brexit-say-investment-banks-anti-capitalist/

[SheungWan]

Is the Torygraph seeing BoJo as a busted flush .....
 
Corbyn better than no-deal Brexit, say investment banks as anti-capitalist Labour wins unlikely new City fans
https://www.telegraph.co.uk/business/2019/09/03/corbyn-better-no-deal-brexit-say-investment-banks-anti-capitalist/

Boris needs Corbyn to agree to hold an election ahead of schedule. Without that Parliament soldiers on.

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[Loiner]

They don't care. Its a cult.

Sure we don’t care. We think you’re the cult but couldn’t say that properly.

[beautifulthailand99]

2 hours ago, Loiner said:

Sure we don’t care. We think you’re the cult but couldn’t say that properly.

Can you remind me what's happening on October 31st Mr Loiner please. 

[bristolboy]

6 hours ago, Forethat said:

You simply refuse to appreciate that the GBP exchange rate is based on a large number of factors (other currencies value included) and not entirely on Brexit, don't you?

 

Whatever the merits of your assertion about the GBP exchange rate, it does not explain why you chose to compare the performance of the GPB vs. the USD on one hand to the performance of the Euro vs. the Baht on the other. It makes no sense.

[zorrow424]

8 hours ago, SheungWan said:

Sterling rose today as the Tories lost their overall majority in Parliament as Conservative MP crossed the Floor to Lib Dems.

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More irish?  but its in the planning Sunshine  A GE is what is needed,always was,and yes its coming