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Expat hopes dashed -  Brit retirees have to tighten purse strings again after baht strengthens

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2 hours ago, club said:

Currency manipulation at its best. 

Yes 100% but unfortunately not state manipulation....

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  • ourmanflint
    ourmanflint

    All makes sense. Thailand is obviously doing much better than the UK financially even in the midst of a pandemic which has dropped revenues 80-90%

  • Mr Meeseeks
    Mr Meeseeks

    There's only so much the UK economy can grow with influxes of foreign refugees that get clothed, fed and housed at the taxpayers' expense. Thousands more rocking up in dinghies daily and more to come

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Sterling just cracked 45 again (TT rate, Bangkok Bank). I read a theory on another thread that there were attempts to shore up the weakening baht. This might explain sterlings increase, retreat, and fresh advance. Covid numbers, Afghanistan, and other rational explanations, might explain an advance or retreat, but this pattern of "advance, retreat, advance," seems artificially induced to me. I'm no financial guru though, the theory just has a sort of logic that appeals to my layman's sensibilities.

4 hours ago, nausea said:

Sterling just cracked 45 again

I just did a transfer over... expect it to go higher!

BREXIT

wait until Scotland and possibly Ireland breaks away from brexit Britain then you'll see 30 baht to the pound

45 minutes ago, phka said:

BREXIT

wait until Scotland and possibly Ireland breaks away from brexit Britain then you'll see 30 baht to the pound

Scotland's a big liability with all the jakies, pound will get stronger once they're gone

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