Popular Post HullyGully Posted December 13, 2019 Popular Post Share Posted December 13, 2019 With the Conservative majority, the pound is moving up currently at 40.285 for TT transfer (BKK Forex rate) I expect the pound to rise a bit more, maybe 45 3 1 8 Link to comment Share on other sites More sharing options...
Popular Post donnacha Posted December 13, 2019 Popular Post Share Posted December 13, 2019 Congratulations to all my British friends on a great result and, hopefully, the end of the long, unnecessary period of uncertainty that has been hammering sterling over the past fews years. 21 6 Link to comment Share on other sites More sharing options...
Popular Post baansgr Posted December 13, 2019 Popular Post Share Posted December 13, 2019 Wait for UK markets to open will be higher 4 1 Link to comment Share on other sites More sharing options...
Popular Post worgeordie Posted December 13, 2019 Popular Post Share Posted December 13, 2019 45 would be very nice,maybe if the do something to the THB it will be achievable. regards worgeordie 2 1 Link to comment Share on other sites More sharing options...
Popular Post BestB Posted December 13, 2019 Popular Post Share Posted December 13, 2019 No idea why people always get so excited when currency moves an inch . Yes pound gained on the back of elections , happens every time in every country. Once dust settles it goes back down not another 10% up. 9 1 1 Link to comment Share on other sites More sharing options...
Popular Post donnacha Posted December 13, 2019 Popular Post Share Posted December 13, 2019 12 minutes ago, BestB said: Yes pound gained on the back of elections , happens every time in every country. To be fair, unlike most elections, this one represents a fairly profound shift in British politics, reasserting the democratic will of the people after a long period during which various highly influential elites attempted to negate or misrepresent it. That created instability and uncertainty that severely impacted the currency. Regardless of where you stand on Brexit, the essential principle of democracy is vital to the smooth running of advanced economies. 21 8 Link to comment Share on other sites More sharing options...
Popular Post ignis Posted December 14, 2019 Popular Post Share Posted December 14, 2019 18 hours ago, BestB said: No idea why people always get so excited when currency moves an inch . Yes pound gained on the back of elections , happens every time in every country. Once dust settles it goes back down not another 10% up. For some it makes a difference, when I came I got 76 baht to the £ for the last few months my Pension has been less than halve that... 4 1 Link to comment Share on other sites More sharing options...
Popular Post Antonymous Posted December 14, 2019 Popular Post Share Posted December 14, 2019 18 hours ago, donnacha said: To be fair, unlike most elections, this one represents a fairly profound shift in British politics, reasserting the democratic will of the people after a long period during which various highly influential elites attempted to negate or misrepresent it. That created instability and uncertainty that severely impacted the currency. Regardless of where you stand on Brexit, the essential principle of democracy is vital to the smooth running of advanced economies. Very well said. Thank you. 5 2 Link to comment Share on other sites More sharing options...
MJKT2014 Posted December 14, 2019 Share Posted December 14, 2019 19 hours ago, HullyGully said: I expect the pound to rise a bit more, maybe 45 Maybe in the next several years, as that's more than a bit more in my books. Would need the UKP/USD to reach 1.50 again. 1 Link to comment Share on other sites More sharing options...
Laza 45 Posted December 14, 2019 Share Posted December 14, 2019 I think you are dreaming.. the $Au has trended upward as well... more to do with the US announcing a deal on tariffs.. https://www.abc.net.au/news/2019-12-13/wall-street-new-record-high-donald-trump-us-china-trade-war-deal/11795814?section=business 1 Link to comment Share on other sites More sharing options...
Popular Post Khon Kaen Jeff Posted December 14, 2019 Popular Post Share Posted December 14, 2019 19 hours ago, BestB said: No idea why people always get so excited when currency moves an inch . Yes pound gained on the back of elections , happens every time in every country. Once dust settles it goes back down not another 10% up. You may or may not be correct, you are simply guessing. 5 Link to comment Share on other sites More sharing options...
yodsak Posted December 14, 2019 Share Posted December 14, 2019 It jumped at 22:00 uk time when the exit poll was announced. 2 Link to comment Share on other sites More sharing options...
HullyGully Posted December 14, 2019 Author Share Posted December 14, 2019 In 2016 prior to the referendum, the GBP to USD was 1.46 Time will tell 1 Link to comment Share on other sites More sharing options...
Andycoops Posted December 14, 2019 Share Posted December 14, 2019 26 minutes ago, HullyGully said: In 2016 prior to the referendum, the GBP to USD was 1.46 Time will tell And there was over 50 baht to the Pound. 1 Link to comment Share on other sites More sharing options...
Max69xl Posted December 14, 2019 Share Posted December 14, 2019 21 hours ago, BestB said: No idea why people always get so excited when currency moves an inch . Yes pound gained on the back of elections , happens every time in every country. Once dust settles it goes back down not another 10% up. And don't forget that just before BJ became PM, you got 42 baht for a £ (TT). After he became PM and opened his big mouth the £ fell 5 baht to 37. So, it's still about -1.75 baht from "normal". 2 Link to comment Share on other sites More sharing options...
Fairynuff Posted December 14, 2019 Share Posted December 14, 2019 3 hours ago, Antonymous said: Very well said. Thank you. Except of course that a referendum based on lies can never be called democratic 1 1 Link to comment Share on other sites More sharing options...
Fairynuff Posted December 14, 2019 Share Posted December 14, 2019 22 hours ago, donnacha said: Congratulations to all my British friends on a great result and, hopefully, the end of the long, unnecessary period of uncertainty that has been hammering sterling over the past fews years. Great result? The PM ran and hid in a fridge to avoid answering a journalist’s questions. Really great..... 1 Link to comment Share on other sites More sharing options...
Fairynuff Posted December 14, 2019 Share Posted December 14, 2019 21 hours ago, donnacha said: To be fair, unlike most elections, this one represents a fairly profound shift in British politics, reasserting the democratic will of the people after a long period during which various highly influential elites attempted to negate or misrepresent it. That created instability and uncertainty that severely impacted the currency. Regardless of where you stand on Brexit, the essential principle of democracy is vital to the smooth running of advanced economies. Definitely a profound shift to trump style electioneering where there’s no place for truth and facts. 1 Link to comment Share on other sites More sharing options...
yodsak Posted December 14, 2019 Share Posted December 14, 2019 31 minutes ago, Max69xl said: After he became PM and opened his big mouth the £ fell 5 baht to 37. The rate was 38.43 when BJ became PM on 24th July . On Aug 11 it was ฿37. A fall of ฿1.4 Link to comment Share on other sites More sharing options...
nkg Posted December 14, 2019 Share Posted December 14, 2019 (edited) I posted this in another thread: The baht has been strong against every other major currency in the world over the last few years. october 2016 $1 35 baht now $1 30 baht The pound plummeted for 4 months following the referendum, but since then it has been gradually been recovering: october 2016 £1 $1.21 october 2016 £1 1.11 euros october 2016 £1 42 baht now £1 $1.33 now £1 1.2 euros now £1 40 baht Edited December 14, 2019 by nkg Brexit Link to comment Share on other sites More sharing options...
Popular Post sanemax Posted December 14, 2019 Popular Post Share Posted December 14, 2019 49 minutes ago, Max69xl said: And don't forget that just before BJ became PM, you got 42 baht for a £ (TT). After he became PM and opened his big mouth the £ fell 5 baht to 37. So, it's still about -1.75 baht from "normal". BJ became UK PM on 24 July 2019 and the Pound wasnt 42 Baht then 5 Link to comment Share on other sites More sharing options...
Popular Post sanemax Posted December 14, 2019 Popular Post Share Posted December 14, 2019 26 minutes ago, Fairynuff said: Definitely a profound shift to trump style electioneering where there’s no place for truth and facts. Well done, you got the usually Trump mention into a thread . A thread without Trump being mentioning just wouldnt be acceptable 4 Link to comment Share on other sites More sharing options...
Popular Post ivor bigun Posted December 14, 2019 Popular Post Share Posted December 14, 2019 18 minutes ago, Fairynuff said: Definitely a profound shift to trump style electioneering where there’s no place for truth and facts. Well Corbyn was very good at that ,Abbott didnt lie she was just to stupid to know anything ,like the people who voted her back in , As for the communist momentum ,well even the working man saw through them ,anyway at the end of the day you lot lost so na di nadi na ???? 2 2 Link to comment Share on other sites More sharing options...
ivor bigun Posted December 14, 2019 Share Posted December 14, 2019 5 minutes ago, sanemax said: Well done, you got the usually Trump mention into a thread . A thread without Trump being mentioning just wouldnt be acceptable As usual the losers winge on and on,sure they will keep at it ,???? 1 Link to comment Share on other sites More sharing options...
nauseus Posted December 14, 2019 Share Posted December 14, 2019 4 hours ago, ignis said: For some it makes a difference, when I came I got 76 baht to the £ for the last few months my Pension has been less than halve that... 76 was probably one of the reasons you moved here. When I first came here it was 33. 1 Link to comment Share on other sites More sharing options...
sniggie Posted December 14, 2019 Share Posted December 14, 2019 As other posters have already said, this is nothing to get worked up about. I was in the UK recently for a visit and surprisingly (!) happened to be in a Wetherspoons pub and reading their in-house magazine. There was a section in which Tim Martin (love his pubs, his politics not so much) was quoting excerpts from various publications and countering them with his own arguments. One caught my eye from The Spectator which referred to an index known as the Purchasing Power Parity. Google it, it's an index based on the USD that takes in several parameters. Apparently this last summer UBS stated that the pound stood at 1.57 USD in this index. I supported staying in the EU only because I was certain that leaving would have a severe effect on sterling and so it has turned out. I may give one cheer for Johnson when the pound is worth 1.50 USD once more. Until then I remain convinced that leaving the EU is a massive self-inflicted injury to the UK economy. 1 1 Link to comment Share on other sites More sharing options...
grumpy 4680 Posted December 14, 2019 Share Posted December 14, 2019 Financial instuitions are always looking for a quick and easy means to lower the pound, but don't expect rapid rise. (its the same in UK with petrol prices) It amazes me that because of the uncertainty of Brexit, the pound fell rapidly. BUT, after the Coup in Thailand, the Bhat went up ?????????????? 1 Link to comment Share on other sites More sharing options...
Chongalulu Posted December 14, 2019 Share Posted December 14, 2019 On 12/13/2019 at 1:01 PM, HullyGully said: With the Conservative majority, the pound is moving up currently at 40.285 for TT transfer (BKK Forex rate) I expect the pound to rise a bit more, maybe 45 A 'bit more'?! That’s a further 12% you’re hoping for which is massive. A majority was largely priced in @ 39.8 and this just eased up a bit more on confirmation and the size of majority. Expect little if any more and perhaps a bit of a fall back as the euphoria subsides and the hard work begins. 1 1 Link to comment Share on other sites More sharing options...
Chongalulu Posted December 14, 2019 Share Posted December 14, 2019 36 minutes ago, grumpy 4680 said: Financial instuitions are always looking for a quick and easy means to lower the pound, but don't expect rapid rise. (its the same in UK with petrol prices) It amazes me that because of the uncertainty of Brexit, the pound fell rapidly. BUT, after the Coup in Thailand, the Bhat went up ?????????????? Thai Foreign reserves,interest rates and volatility elsewhere were contributing to that. Petrol prices at the pump in the uk comprise 66% duties and tax so a fall in oil price is a much smaller part of the overall cost especially when distribution and retailing costs don’t go down. 1 Link to comment Share on other sites More sharing options...
TPI Posted December 14, 2019 Share Posted December 14, 2019 On 12/13/2019 at 1:47 PM, BestB said: No idea why people always get so excited when currency moves an inch . Yes pound gained on the back of elections , happens every time in every country. Once dust settles it goes back down not another 10% up. Moan whinge grizzle...now I know why people compare Englishmen to jet engines! Link to comment Share on other sites More sharing options...
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