Sterling ...UK Pound dropped below 45

[worgeordie]

Just looking at Superrich website and they are quoting 44.85 Bhat to the Pound,

with wider spreads than normal, looks like it's going to be a bit volatile .

 

I thought the Pound was stable at 45 + , been over 46 for a while , then dropped,

with the talk from Bank of England saying they will have to raise interest rates

due to inflation, I was expecting Sterling to go up,  so is this drop due to Boris

or Thailand doing much better.......or just speculators

regards Worgeordie 

 

[BritManToo]

Friday is always an odd day for the pound.

[Eff1n2ret]

The Bank of England announced yesterday that there will be no immediate increase in interest rates, so some speculators have bailed out.

[Kwasaki]

Got over 45 on my due Thursday pension maybe got in bank earlier. 

[scubascuba3]

GBP similar to euro and USD

[RafPinto]

Drop happened yesterday after BOE left rate unchanged.

An increase to 0,25 was expected.

 

[Gottfrid]

18 minutes ago, scubascuba3 said:

GBP similar to euro and USD

Yeah, sure! GBP with 0,13% and EUR with only 0,06% is similar??? You do know it´s over 50 % different, right? Caculate that on an amount of 10 million of each currency. then you will have a difference of an approx. loss of 250 000 baht between the currencies.

Edited November 5, 2021 by Gottfrid

[RickG16]

The dark days are back

[Chivas]

Sterling dumped against the Dollar simply because the UK didnt see the anticipated interest rate rise

Nothing to do with Thai Baht per se which has been bouncing around 33.30 for some time against its benchmark

[scubascuba3]

1 hour ago, Gottfrid said:

Yeah, sure! GBP with 0,13% and EUR with only 0,06% is similar??? You do know it´s over 50 % different, right? Caculate that on an amount of 10 million of each currency. then you will have a difference of an approx. loss of 250 000 baht between the currencies.

The trend is similar, down, similar issues, inflation fear

[Guderian]

With forecasts of UK inflation predicting it breaching 5% CPI next year, and averaging 4% over the year (add another 1% - 2% to get RPI, the 'real' inflation that most people feel), the Bank's lost a huge amount of its inflation-fighting credibility after its Governor dropped some very open hints that the rate would be raised yesterday and it wasn't. Even he didn't vote for a change, so what was he playing at? Does his elbow know what his ass is doing any more? Expect to see a run on Sterling in the coming months, which will make inflation even worse, and the BoE will have to hike rates more sharply and to higher levels to get the situation under control than if they'd voted for a mere 15-basis point increase yesterday. Together with the antics going on in politics now, it seems that the country is being run by clowns and amateurs. How many people are aware that the UK went belly-up to Macron and gave them an extra 95 fishing permits to sort out the scallop trawler fiasco, in spite of all the tough guy talk? Actually, clowns and amateurs is being too kind, morons and incompetents is closer to the truth.

[Gottfrid]

1 hour ago, scubascuba3 said:

The trend is similar, down, similar issues, inflation fear

How can you see fear in 0,13% movement? Wizard?

[petertucker48]

Johnson and the British SLEEZE government my be the reason !!

Just read what's happened this week.

Not looking good for the conservative bunch.

I am not a labour man but the British Conservatives are buying their own graves, time for Johnson to be replaced QUICKLY!!

[Kwasaki]

2 hours ago, Guderian said:

How many people are aware that the UK went belly-up to Macron and gave them an extra 95 fishing permits to sort out the scallop trawler fiasco.

You are funny, I laughed when the  Macron idiot had a British fishing ship held in port. 

The fishing boat belongs to a Company in Holland. 

So whose the clown seems like you can join em. ????

 

[shackleton]

I remember when it was 29 baht to the Pound

The pound to dollar rate was about $1.05

It's now about $1.34.72 today

Will start worrying when it reaches $1.20  or lower

 

[Kildonan]

26 minutes ago, Kwasaki said:

You are funny, I laughed when the  Macron idiot had a British fishing ship held in port. 

The fishing boat belongs to a Company in Holland. 

So whose the clown seems like you can join em. ????

 

Errr,,Kawasaki, The Scottish REGISTERED scallop fishing boat, owned by the MACDUFF SHELL FISH COY (North East SCOTLAND), just happened to have a Dutch name,, "Cornelius Gert Jan"!!!! ????????????????

[Neeranam]

4 hours ago, BritManToo said:

Friday is always an odd day for the pound.

Due to futures trading. 

 

I remember when I came here, pound was 37. Oct 92.

[treetops]

55 minutes ago, Kildonan said:

Errr,,Kawasaki, The Scottish REGISTERED scallop fishing boat, owned by the MACDUFF SHELL FISH COY (North East SCOTLAND), just happened to have a Dutch name,, "Cornelius Gert Jan"!!!! ????????????????

It's not the Dutch, but Macduff is certainly not Scottish owned any more.  Try Canadian.

[crazykopite]

I’ve always been of tge opinion that Thailand manipulates the Thai baht 

[Gulfsailor]

12 minutes ago, crazykopite said:

I’ve always been of tge opinion that Thailand manipulates the Thai baht 

Of course they are, like most countries to differing degrees. But certainly not to strengthen the value of the Baht, rather to weaken it to boost exports. 

[LoeiI]

3 hours ago, petertucker48 said:

Johnson and the British SLEEZE government my be the reason !!

Just read what's happened this week.

Not looking good for the conservative bunch.

I am not a labour man but the British Conservatives are buying their own graves, time for Johnson to be replaced QUICKLY!!

Any bored Generals reading ?? ????

[Kwasaki]

2 hours ago, Kildonan said:

Errr,,Kawasaki, The Scottish REGISTERED scallop fishing boat, owned by the MACDUFF SHELL FISH COY (North East SCOTLAND), just happened to have a Dutch name,, "Cornelius Gert Jan"!!!! ????????????????

The boat owned by a Dutch company complicated isn't it.

[Kwasaki]

1 hour ago, treetops said:

It's not the Dutch, but Macduff is certainly not Scottish owned any more.  Try Canadian.

Why worry the French are plonkers shut tunnel and start digging half way again and re-route the tunnel to Belgium . ???? 

[mlkik]

2 hours ago, shackleton said:

I remember when it was 29 baht to the Pound

The pound to dollar rate was about $1.05

It's now about $1.34.72 today

Will start worrying when it reaches $1.20  or lower

 

29 baht to the pound? What century was that then ?

[Drew3223]

So buy Baht now before too late?

[khomlong1]

Remember my holiday in 1992 well . Going to the bank to cash a traveller’s check. My mouth fell open when I saw the exchange rate. 

[Kwasaki]

49 minutes ago, khomlong1 said:

Remember my holiday in 1992 well . Going to the bank to cash a traveller’s check. My mouth fell open when I saw the exchange rate. 

September 2005 was good too.

[NanaSomchai]

.

Edited November 5, 2021 by NanaSomchai

[Chris.B]

3 hours ago, Drew3223 said:

So buy Baht now before too late?

No, yesterday. Too late now.

 

Changed some money yesterday...phew!! ????

[Nojohndoe]

Not my currency of concern but information related to the Brit Pound that comes as part of my interest suggests that hyperinflation fears have influenced the BOE to retract on suggestions of an interest rate increase which has caused speculative investors in waiting to withdraw to seek greener grass .