Coronavirus: British Pound plunges to its lowest level in over 30 years

[from the home of CC]

4 hours ago, Cryingdick said:

Yes I think Thailand is in much more danger than they can see at the moment. 

as are many countries in the world (first world)

[david555]

4 minutes ago, bristolboy said:

As part of the EU, the UK had a reciprocal treatment agreement with the rest of the EU countries. It may still be in effect but won't be once Brexit happens. Unless the final agreement stipulates otherwise.

Another good excuse reason for Boris " Extension Uturn ….."...... for the health benefits in ultra extraordinary circumstances…????. followed by his usual big rhetoric phrases etc etc ...

Brexiteers  watch your case ….. as …...

Edited March 19, 2020 by david555

[sanuk711]

2019:    "work hard at school or you'll end up packing shelves for a living"

2020:      "most secure job in the country, packing shelves" ..............................................

[Ventenio]

i remember when a loaf of bread was 11 billion deutschemarks but then there was no bread.  

 

i would walk up the mountain without shoes, fight bears and mustard gas, and then parachute into an enemy fortress to steal a banana.  

 

that was my monday  

[sanemax]

28 minutes ago, bristolboy said:

As part of the EU, the UK had a reciprocal treatment agreement with the rest of the EU countries. It may still be in effect but won't be once Brexit happens. Unless the final agreement stipulates otherwise.

Yes, but once again , we arent talking about that 

[evadgib]

1 hour ago, CNXexpat said:

No help from the EU for the UK if help is needed because the UK is out. 

No money from the UK if the EU needs help because...

[evadgib]

2 hours ago, sanemax said:

What are those negative impacts on the NHS ?

TBH, this discussion is going nowhere .

Lets just look out the window and watch the clouds float by .

I noticed an NHS recruiting ad during last night's 'Peston' on ITV. It's the first such ad that I have noticed (i usually skip them anyway).

[evadgib]

5 hours ago, deej said:

Why did u leave out the Crash of Tourism ?

and Exports are at a respectable.

Pull the other one .and it will yodel

Of interest to the ne'er do wells loitering on multiple British threads & rubbing their hands together like sanitizing corvid 19ers with ADHD:

Quote

The latest statistics posted a joint-record high employment rate (76.5%), while the number of people employed in the private and public sector reached over 27 million and 5.3 million respectively.

The news follows last week’s budget in which the Chancellor announced an increase to the National Living Wage and raised National Insurance Contribution thresholds to £9,500 – helping those on low pay.

It also included new measures to support workers and businesses to meet current challenges arising from the coronavirus outbreak. The Chancellor allocated £12 billion for temporary, timely and targeted measures such as paying Statutory Sick Pay from day one.

Two years wage growth

(This current crisis is only short term)

[bristolboy]

21 minutes ago, sanemax said:

Yes, but once again , we arent talking about that 

What do you mean, you're not talking about that? When the UK was in the EU there was a partnership. UK citizens get treated by the national health services of EU members and in return they are entitled to treatment from the NHS. That's not a partnership? What picayune definition of partnership do you subscribe to that makes this arrangement not qualify?

[sanemax]

1 minute ago, bristolboy said:

What do you mean, you're not talking about that? When the UK was in the EU there was a partnership. UK citizens get treated by the national health services of EU members and in return they are entitled to treatment from the NHS. That's not a partnership? What picayune definition of partnership do you subscribe to that makes this arrangement not qualify?

How will that now effect the UKs treatment of its Corona  cases ?

[bristolboy]

5 minutes ago, sanemax said:

How will that now effect the UKs treatment of its Corona  cases ?

I'll tell you how. It means ill citizens of the EU wouldn't have to trave from the UK to get treated and Ill uk citizens wouldn't have to travel from the EU to get treated. Public transport is now recognized as a major way that the virus gets spread. The less travel there is, the less the pandemic propagates. This kind of partnerships results in something called a win-win. 

[sanemax]

3 minutes ago, bristolboy said:

I'll tell you how. It means ill citizens of the EU wouldn't have to trave from the UK to get treated and Ill uk citizens wouldn't have to travel from the EU to get treated. Public transport is now recognized as a major way that the virus gets spread. The less travel there is, the less the pandemic propagates. This kind of partnerships results in something called a win-win. 

There have been no changes though . 

UK citizens can still get medical treatment t in the E.U and vice versa

[david555]

Just now, sanemax said:

There have been no changes though . 

UK citizens can still get medical treatment t in the E.U and vice versa

yes  , that's the case until 31 December full independence steps in I guess , as nobody knows what Boris go decide 30 June limit day in present situation ….difficult choice "cholera or the plague "

[Rookiescot]

2 minutes ago, sanemax said:

There have been no changes though . 

UK citizens can still get medical treatment t in the E.U and vice versa

Only until the end of the year. Now two things. Corona virus may well be history by then and or the UK and EU will agree to carry on the arrangement as it stands.

I think we all hope that will be the case.

[FritsSikkink]

6 hours ago, baansgr said:

Damage to Baht will come later...other countries will revert to normality quickly but Thailand will take a generation to return to the heady past few years

The UK will nosedive further once Scotland becomes independent.

[Laughing Gravy]

25 minutes ago, CNXexpat said:

One reason could be that the case-deaths rate in the UK is much more worse than in other countries.

Another more logical reason is the testing of the virus is easily available and more rigorous, giving a more accurate figure.

[CNXexpat]

11 minutes ago, vogie said:

Do you have a source for your confirmed Covid 19 cases please, you seem to have forgotton to include France and Italy?

https://multimedia.scmp.com/widgets/china/wuhanvirus/?fbclid=IwAR3bfwbNVWQQDyXOfNV5AbE2KCHgOJQY35lEubMbEo1IWQTqE_O9z7TrLKw

[bristolboy]

34 minutes ago, sanemax said:

There have been no changes though . 

UK citizens can still get medical treatment t in the E.U and vice versa

Yes, quite. But there is a partnership and it is beneficial to both parties.

[vogie]

4 minutes ago, CNXexpat said:

https://multimedia.scmp.com/widgets/china/wuhanvirus/?fbclid=IwAR3bfwbNVWQQDyXOfNV5AbE2KCHgOJQY35lEubMbEo1IWQTqE_O9z7TrLKw

Thanks for the link, it sheds a totally different light on the subject when you include others. 

 

 

[saengd]

11 minutes ago, CNXexpat said:

https://multimedia.scmp.com/widgets/china/wuhanvirus/?fbclid=IwAR3bfwbNVWQQDyXOfNV5AbE2KCHgOJQY35lEubMbEo1IWQTqE_O9z7TrLKw

I prefer this:

 

https://www.who.int/docs/default-source/coronaviruse/situation-reports/20200318-sitrep-58-covid-19.pdf?sfvrsn=20876712_2

[CNXexpat]

6 minutes ago, saengd said:

I prefer this:

 

https://www.who.int/docs/default-source/coronaviruse/situation-reports/20200318-sitrep-58-covid-19.pdf?sfvrsn=20876712_2

My source is always updated. Yours say 177 cases in Thailand, my 272. I guess in mine these cases are included https://www.khaosodenglish.com/news/crimecourtscalamity/2020/03/19/thailand-reports-60-new-cases-the-highest-surge-to-date/

[saengd]

4 minutes ago, CNXexpat said:

My source is always updated. Yours say 177 cases in Thailand, my 272. I guess in mine these cases are included https://www.khaosodenglish.com/news/crimecourtscalamity/2020/03/19/thailand-reports-60-new-cases-the-highest-surge-to-date/

Interesting though that your link shows 80,928 cases in China whilst the WHO shows 81,116, dunno why.

[CNXexpat]

22 minutes ago, vogie said:

Thanks for the link, it sheds a totally different light on the subject when you include others. 

 

 

I wrote not about the number of cases. They can increase very quick as you can see in Thailand right now with plus 60. I look at the case-deaths ratio, what is really bad in the UK. By example South Korea and Germany have much more cases than the UK but also much less deaths. 

Edited March 19, 2020 by CNXexpat

[Logosone]

Yes, the Pound is currently the weakest currency in the world.

 

MASSIVE DEBT of the UK is a major problem:

 

"While G10 countries [the countries that use the 10 most actively-traded currencies around the world] have varying debt levels, with rates this low most have enough fiscal room to act. The issue may be external deficits - and we've highlighted the UK before as being a case where the large private sector deficit and current account deficit puts the pound more at risk than other currencies."

 

The brilliant Brexiter's budget has contributed to this:

 

The UK government's response to the coronavirus crisis, in particular the £330bn fiscal stimulus programme announced on Tuesday by Chancellor Rishi Sunak, will lead to a huge increase in UK government borrowing. More UK government borrowing means more issuance of UK government IOUs, or gilts, meaning a fresh wave of sterling-denominated assets hitting the market. Under those circumstances, all other things being equal, one would expect the pound to fall.

 

The poor performance of the UK economy also coming home to roost:

 

"The UK's persistent current account deficit, the difference in value between the goods and services Britain exports and the goods and services Britain imports, means a constant need for foreign investment - what Mark Carney, the former Bank of England Governor, famously described as "the kindness of strangers".

 

Apart from debt the Brexit lunacy itself is causing issues:

 

Added to this, in some quarters, is a suggestion that the chances of the UK achieving a trade deal with the EU, before its post-Brexit transition period at the end of the year expires, are receding as governments everywhere are pre-occupied with the coronavirus outbreak. In other words, the chances of a so-called 'cliff edge' Brexit are increasing, which is perceived by investors as bad for the pound.

 

https://news.sky.com/story/coronavirus-why-the-pound-is-taking-a-pummelling-as-crisis-deepens-11959828

[Opl]

1 hour ago, sanemax said:

How will that now effect the UKs treatment of its Corona  cases ?

if it's what you are asking for, In English, from this FAQ, scroll and open the topics 

https://www.cleiss.fr/faq/brexit_en.html

Edited March 19, 2020 by Opl

[sanemax]

1 minute ago, Opl said:

In English, from this FAQ, open the topics 

https://www.cleiss.fr/faq/brexit_en.html

That has nothing to do with the NHS and Corona 

[luckyluke]

We know that the British Pound plunge because of the Coronavirus.

 

I make monthly transfers from Belgium(Euro) to Thailand using Transferwise.

In January I got 33.69 net

In February 34.13

Now 34.92

 

Is this also because of the Coronavirus?

Or is it the Coronavirus only when a currency go down?

[URMySunshine]

Sadly for the UK folk are clamouring for dollars and there is a wall of money looking for the relative safety of the baht whether real or imagined. The absolutely huge amounts of money we throw at the problem will lead to further currency depreciation whereas Thailand will spend as little as possible because in Thailand life is cheap in the UK thankfully not. I have considerable savings here and I expect moving forward to lose a great deal of them when we try to patch the economy up after the 'war'. Which is only right and fair in the end. Bank runs will be the next thing to happen. 

Edited March 19, 2020 by URMySunshine

[Rookiescot]

2 minutes ago, luckyluke said:

We know that the British Pound plunge because of the Coronavirus.

 

I make monthly transfers from Belgium(Euro) to Thailand using Transferwise.

In January I got 33.69 net

In February 34.13

Now 34.92

 

Is this also because of the Coronavirus?

Or is it the Coronavirus only when a currency go down?

Nothing is ever the fault of Brexit.

 

[sanemax]

4 minutes ago, luckyluke said:

We know that the British Pound plunge because of the Coronavirus.

 

I make monthly transfers from Belgium(Euro) to Thailand using Transferwise.

In January I got 33.69 net

In February 34.13

Now 34.92

 

Is this also because of the Coronavirus?

Or is it the Coronavirus only when a currency go down?

Its quite a complex issue .

Money men have been ditching the Pound in favour of U.S $

The Baht also weakened which made your money rise .