Every little bit helps GBP-THB

[Joinaman]

22 hours ago, johnnybgood said:

Normally I don't rise to the ignorant posters, and as the censorship on here is sooooo subjective here goes............

 

We are Scotland, just a small nation........... as is Little England, thing is you are in denial about your status.

England has a huge population and a very dodgy MSM, many of them red-tops which in order to do business, pump up the jingoistic rhetoric.
Only the white English, low educated knuckle draggers buy into this.

 

Don't you realise nobody in the world likes you, except your own white English low educated knuckle draggers?

Look at your England today consumed with bile toward the coloured English players.....seemingly blamed for last nights defeat?

 

The City of London, the money tree, doesn't want to know about UK,  all their investment is overseas - why would they invest in Sharon / Darren?

Stop taking the <deleted>. We want separation, we don't need or like Eng-er-land. Get over it.
 

Then do us all a favour and do it, then lets see how you pay the bills

How much in debt is Scotland ?

How much do they come cap in hand to the English to help them out, ?

But if you do seperate, allow for rebuilding the Hadrians wall to keep the english out, and the scots in. and dont forget to find some new funny money to use, 

[driver52]

On 7/9/2021 at 5:30 PM, JonnyF said:

It's gained against the Euro. Or is that not a major currency any more?

like balls it did! it was 1.4 before Brexit and now it's down to 1.17........which OK is a lot better than the lows it's visited but still a crock ????

[Rookiescot]

16 hours ago, JonnyF said:

That's about an 11% drop. It's gained that much against the THB since we finally left in January. 

 

A lot of the damage was done in 2018/2019 at the height of the Remainer meltdown. Had Remainers accepted the result we'd have probably left in 2018 with much less damage and a better deal and we'd be back to 2015 levels by now. But no, they tried to overturn it because they "knew best".

 

A great lesson to Remainers everywhere. Respect Democratic process. Otherwise, you end up in a similar mess to the one that Labour and the Lib Dems are in now. People have long memories.

So now that the uncertainty is over with why has the pound not returned to pre referendum levels?

[JonnyF]

41 minutes ago, Rookiescot said:

So now that the uncertainty is over with why has the pound not returned to pre referendum levels?

These things don't tend to happen overnight. While there was a sharp drop immediately after the vote to leave it took several years to reach the bottom. Similarly, while there has been a sharp rise since we left, it may take several years to return to pre vote levels.

 

Thankfully, leaving meant we face no political pressure to join the EU's failed debacle of a vaccine scheme so we are able to return to some level of normality much quicker than our friends and partners in the EU. It's obviously volatile out there at the moment, but barring any deadly new variants I'd guess we'll be back to pre vote levels by the end of 2022. So that would be 4 years for Remainers to destroy the pound, and only 2 years for Leavers to rebuild it (you're welcome). The recent trade deal with Australia will only benefit us further. Onwards and upwards.

 

https://www.cnbc.com/2021/06/15/uk-confirms-post-brexit-trade-deal-with-australia.html

 

[Rookiescot]

1 minute ago, JonnyF said:

These things don't tend to happen overnight. While there was a sharp drop immediately after the vote to leave it took several years to reach the bottom. Similarly, while there has been a sharp rise since we left, it may take several years to return to pre vote levels.

 

Thankfully, leaving meant we face no political pressure to join the EU's failed debacle of a vaccine scheme so we are able to return to some level of normality much quicker than our friends and partners in the EU. It's obviously volatile out there at the moment, but barring any deadly new variants I'd guess we'll be back to pre vote levels by the end of 2022. So that would be 4 years for Remainers to destroy the pound, and only 2 years for Leavers to rebuild it (you're welcome). The recent trade deal with Australia will only benefit us further. Onwards and upwards.

 

https://www.cnbc.com/2021/06/15/uk-confirms-post-brexit-trade-deal-with-australia.html

 

 

Remainers did not destroy the pound. Brexiteers did by voting to leave the EU hence the drop in value against all major currencies. If uncertainty had been the issue as you claimed then it would have jumped back up when that was removed.

Blaming others for your own actions is pointless.

[JonnyF]

4 minutes ago, Rookiescot said:

 

Remainers did not destroy the pound. Brexiteers did by voting to leave the EU hence the drop in value against all major currencies. If uncertainty had been the issue as you claimed then it would have jumped back up when that was removed.

Blaming others for your own actions is pointless.

Incorrect. 4 years of turmoil, calls for "people's votes" and legal cases/wrangling by the likes of Gina Miller caused untold damage to the UK. If only you guys could have respected Democracy... Shameful stuff, you guys really showed your true colours.

 

Imagining that it would jump back overnight only highlights your lack of understanding of economic fundamentals. Which is probably why you fell for all the Project Fear nonsense.

[Rookiescot]

1 minute ago, JonnyF said:

Incorrect. 4 years of turmoil, calls for "people's votes" and legal cases/wrangling by the likes of Gina Miller caused untold damage to the UK. If only you guys could have respected Democracy... Shameful stuff, you guys really showed your true colours.

 

Imagining that it would jump back overnight only highlights your lack of understanding of economic fundamentals. Which is probably why you fell for all the Project Fear nonsense.

No the loss in value of the pound is due to Brexit. By your own admission it fell steeply immediately after the referendum. It then bumped along until Brexit was done. By your logic it should have jumped straight back up after the uncertainty was removed. It has not. Which demonstrates that leaving the EU is what damaged the pound. Not uncertainty.

Blaming others for the consequences of your actions is pointless. 

[JonnyF]

10 minutes ago, Rookiescot said:

No the loss in value of the pound is due to Brexit. By your own admission it fell steeply immediately after the referendum. It then bumped along until Brexit was done. By your logic it should have jumped straight back up after the uncertainty was removed. It has not. Which demonstrates that leaving the EU is what damaged the pound. Not uncertainty.

Blaming others for the consequences of your actions is pointless. 

Clueless. It's much easier to knock something down than it is to rebuild it. As an SNP supporter you must know that, although so far you've even failed with the knocking it down part!

 

Between July 2016 and August 2019 it fell from 45.80 to 37.03, the steepest drop being June 2019. About 19% down in the 3 years of fighting and legal challenges after the initial drop immediately after the vote. If that's what you call bumping along, well like I said - economically illiterate. 

 

You Remainers and their lack of respect for the Democratic process was an act of self harm. Own it.

[Rookiescot]

6 minutes ago, JonnyF said:

Clueless. It's much easier to knock something down than it is to rebuild it. As an SNP supporter you must know that, although so far you've even failed with the knocking it down part!

 

Between July 2016 and August 2019 it fell from 45.80 to 37.03, the steepest drop being June 2019. About 19% down in the 3 years of fighting and legal challenges after the initial drop immediately after the vote. If that's what you call bumping along, well like I said - economically illiterate. 

 

You Remainers and their lack of respect for the Democratic process was an act of self harm. Own it.

Brexiteers. Always someone elses fault.

So if it was all down to uncertainty/remainers/the EU why has it not risen to pre Brexit levels now that all that has been removed?

After all you admit it dropped sharply immediately after the referendum.

[Mac Mickmanus]

26 minutes ago, Rookiescot said:

Brexiteers. Always someone elses fault.

So if it was all down to uncertainty/remainers/the EU why has it not risen to pre Brexit levels now that all that has been removed?

After all you admit it dropped sharply immediately after the referendum.

There are many factors as to why currencies fluctuate , it depends on numerous things , the effects of Covd on enormities surpasses the effects of Brexit  .

   Your only concern seems to be the Pound/Baht exchange rate and the strength of the Pound , whereas the U.K financial markets may prefer a weaker pound 

[Rookiescot]

1 minute ago, Mac Mickmanus said:

There are many factors as to why currencies fluctuate , it depends on numerous things , the effects of Covd on enormities surpasses the effects of Brexit  .

   Your only concern seems to be the Pound/Baht exchange rate and the strength of the Pound , whereas the U.K financial markets may prefer a weaker pound 

That might be valid if it was only the UK which had been effected by Covid.

[Mac Mickmanus]

Just now, Rookiescot said:

That might be valid if it was only the UK which had been effected by Covid.

Its depending on Countries recovery from Covid . 

I expect to some extent , the recent Pound recovery against the Baht is due to the UK controlling the virus and taking steps to eradicate it internally , whilst the virus is till running wild in Thailand and thus effecting the economy 

[Mac Mickmanus]

44 minutes ago, Rookiescot said:

Brexiteers. Always someone elses fault.

So if it was all down to uncertainty/remainers/the EU why has it not risen to pre Brexit levels now that all that has been removed?

After all you admit it dropped sharply immediately after the referendum.

This is the NZ $ and Thai baht exchange rate over the last five years , it shows that the Baht has strengthened against all currencies in the last five years .

   The Baht was strong , which explains the Pound/Baht exchange rate .

 

[worgeordie]

Sterling is down this morning ,under 45 , 44.90 at Superrich,

less at the banks, it feels like speculators are taking advantage

I thought it might head to 46 ,then it comes down again in quick

time.

regards Worgeordie

[sandyf]

On 7/9/2021 at 10:25 AM, Bangkok Barry said:

Bought my house then and it cost about 600,000 Baht/8000 sterling. Paid for it in cash. Spent double that on bringing it up to date and it's probably worth 3.5 million now.

Quite. Friend of mine bought a house in Pattaya about 2003 time. His wife never could understand how when he sold it after brexit for about what he paid he could make a profit.

[BritManToo]

22 minutes ago, worgeordie said:

Sterling is down this morning ,under 45 , 44.90 at Superrich,

less at the banks, it feels like speculators are taking advantage

I thought it might head to 46 ,then it comes down again in quick

time.

regards Worgeordie

It peaks, currency traders take their profit, it dips.

Rinse and repeat.

[ivor bigun]

35 minutes ago, worgeordie said:

Sterling is down this morning ,under 45 , 44.90 at Superrich,

less at the banks, it feels like speculators are taking advantage

I thought it might head to 46 ,then it comes down again in quick

time.

regards Worgeordie

back up to 45.14 this morning on the markets wise giving 45.11 for transfers from UK .

[anchadian]

Baht could gradually weaken

 

The Thai currency is likely to move between 32.60 and 32.75 during the day, Krungthai Bank market strategist Poon Panichpibool said.

 

He said foreign investors decided to sell their assets in Thailand due to uncertainty caused by the Covid-19 situation in the country, and this situation would lead to a gradual weakening of the baht.

 

Poon believed a strengthened dollar – one factor that pressures the baht – could “vanish”. He explained that the dollar appreciation occurred due to a high inflation rate in the US. The situation could ease if Federal Reserve Chairman Jerome Powell states that the inflation is only temporary and the Fed will not implement a relaxed, financial policy.

https://www.nationthailand.com/business/40003221