Just wondering what people (with better economic brains than me) think about the GBP going back up above 40 THB?

 

Can we see this as a direct reflection of the way the 2 countries are handling coronavirus?

1 hour ago, RickG16 said:

Can we see this as a direct reflection of the way the 2 countries are handling coronavirus?

I wouldn't think so it went up against bht when Boris got C19. ????

I can't work out why it dipped down so low last week, a 5% loss and gain in a week for no apparent reason.

The pounds movements are completely incomprehensible to me.

 

Changed a 1,000 pounds over the weekend for 40,640bht, to increase my COVID panic fund.

Was happy enough with that rate.

Edited March 30, 20206 yr by BritManToo

The $ to £ went down to 1.15. This brought the £ to THB down with it. The £ to the $ has since recovered and so has the £ to the THB. 

13 minutes ago, Kwasaki said:

I wouldn't think so it went up against bht when Boris got C19. ????

Does that mean if he dies we'll be getting 50?

It's more likely that speculators are easing off of buying US$, and ending their run on the £. As Thailand starts to feel the effect of Covid19 on the economy the baht will get weaker.

 

Can't see the pound rising to more than 43 tops in the next 6 months, though - owing to the huge financial hit on the economy, and domestic rescue package on businesses and employment proposed by the government. 

52 minutes ago, BritManToo said:

Does that mean if he dies we'll be getting 50?

Fingers crossed.

The absolute genius idea of Brexit is still in the mix. Movement of the currencies will now depend on how each deals with covid19 and how quickly there is an economic recovery. I think we'll see 50 Baht to the GBP by Xmas.

51 minutes ago, stephenterry said:

Can't see the pound rising to more than 43 tops in the next 6 months, though - owing to the huge financial hit on the economy, and domestic rescue package on businesses and employment proposed by the government. 

Shouldn't make any difference as all countries have the same problem.

In all honesty what does it matter.

 

There is going to be epic hyperinflation 

2 hours ago, BritManToo said:

Does that mean if he dies we'll be getting 50?

Who knows ????  jokes apart I have never understood currency rates, what will be will be as I keep saying. 

1 hour ago, Surelynot said:

The absolute genius idea of Brexit is still in the mix. Movement of the currencies will now depend on how each deals with covid19 and how quickly there is an economic recovery. I think we'll see 50 Baht to the GBP by Xmas.

Surelynot. ????

2 hours ago, BritManToo said:

Shouldn't make any difference as all countries have the same problem.

But not all countries are on Forex. The top major players are USA, EU, Japan, UK, Aus, Canada. The safest investment bet recently has been the US$ at the expense of the £.  And as the Baht is linked to the US$ the pound suffered.