British £ has plummeted !

[Social Media]

 

[473geo]

Guess what 

 

Just gotta live with it if your income is in Sterling ????

[jak2002003]

Government doing a fantastic job of ruining the country.  The super rich are happy though as they just got a tax cut.  

[Sparktrader]

Time to buy

Media always wrong

[Sparktrader]

Gbp bear mkt 14 years. Thats 2 cycles.

 

Good buy soon.

[Sparktrader]

Smart traders bought the low

[Sparktrader]

0 1 2 classic set up. Buy the panic, sell the boom.

 

Always do the opposite of media stories.

[n00dle]

wow at 37.48 to the baht the USD is looking good tho.

[bkk6060]

It most certainly seems to be a country in decline with a total collapse of the pound a possibility.

 

The U.K.’s economic and political crises are increasing the risk of a “collapse” in the value of the British pound, which could move close to parity with the dollar, according to Bank of Singapore’s chief economist, Mansoor Mohi-uddin.

From trading around $1.37/£ in mid-January, the pound has been steadily weakening as inflation surges, recession fears build, and industrial pay disputes worsen.

[CrunchWrapSupreme]

32 minutes ago, n00dle said:

USD is looking good tho.

รวยรุ่ง = GET RICH ????

 

Edited September 23, 2022 by CrunchWrapSupreme

[Sparktrader]

17 minutes ago, CrunchWrapSupreme said:

รวยรุ่ง = GET RICH ????

 

What laptop brand is that?

[Sparktrader]

40 minutes ago, bkk6060 said:

It most certainly seems to be a country in decline with a total collapse of the pound a possibility.

 

The U.K.’s economic and political crises are increasing the risk of a “collapse” in the value of the British pound, which could move close to parity with the dollar, according to Bank of Singapore’s chief economist, Mansoor Mohi-uddin.

From trading around $1.37/£ in mid-January, the pound has been steadily weakening as inflation surges, recession fears build, and industrial pay disputes worsen.

Markets always do the opposite. 2 years ago gold was going to 5000$ they said. Went down 15%.

 

I bet the gbp is higher in 6 months.

[eisfeld]

1 hour ago, Sparktrader said:

Smart traders bought the low

 

Doesn't look like that was the low yet, still falling. I wouldn't bet on the GBP at the moment. The UK is facing some difficult times ahead. And the long term trend seems to also not go in its favor.

[Sparktrader]

53 minutes ago, eisfeld said:

Doesn't look like that was the low yet, still falling. I wouldn't bet on the GBP at the moment. The UK is facing some difficult times ahead. And the long term trend seems to also not go in its favor.

Made 6500 baht in 15 minutes.

[Walker88]

2 hours ago, Sparktrader said:

Smart traders bought the low

Depends on how one defines 'smart'.

 

Currently trading 1.0917

 

That countermove in your graph was tiny, and has since gapped lower.

[eisfeld]

40 minutes ago, Sparktrader said:

Made 6500 baht in 15 minutes.

Good on you. But it doesn't mean much to others here ????

[JayClay]

10 hours ago, Sparktrader said:

I bet the gbp is higher in 6 months

LoL I wish.

 

There is literally nothing on the horizon in the UK which is likely to have any positive impact on the value of the pound. Quite the reverse, in fact.

 

My concern is that once it dips below the dollar, it will go into freefall.

 

Worrying times.

[n00dle]

12 hours ago, Sparktrader said:

Made 6500 baht in 15 minutes.

are you four?

[Sparktrader]

4 hours ago, JayClay said:

LoL I wish.

 

There is literally nothing on the horizon in the UK which is likely to have any positive impact on the value of the pound. Quite the reverse, in fact.

 

My concern is that once it dips below the dollar, it will go into freefall.

 

Worrying times.

Mkts always reverse in doom or gloom.

[Sparktrader]

13 hours ago, Walker88 said:

Depends on how one defines 'smart'.

 

Currently trading 1.0917

 

That countermove in your graph was tiny, and has since gapped lower.

Stop loss. I made 6500 baht got out. Made 50k on the Kangaroo.

[JayClay]

1 minute ago, Sparktrader said:

Mkts always reverse in doom or gloom.

A quick look at trending value of the pound since the brexit vote quickly dispels that theory.

 

Unless you're talking about dead-cat bounces, which aren't reversals in the real sense of the word.

[chalawaan]

Oh dear, how sad, never mind.

Brexit got done. 

Or did Britain get done?

[transam]

1 minute ago, chalawaan said:

Oh dear, how sad, never mind.

Brexit got done. 

Or did Britain get done?

How droll, didn't take long for the woodwork to open up, did it.......????

[chalawaan]

15 hours ago, bkk6060 said:

It most certainly seems to be a country in decline with a total collapse of the pound a possibility.

 

The U.K.’s economic and political crises are increasing the risk of a “collapse” in the value of the British pound, which could move close to parity with the dollar, according to Bank of Singapore’s chief economist, Mansoor Mohi-uddin.

From trading around $1.37/£ in mid-January, the pound has been steadily weakening as inflation surges, recession fears build, and industrial pay disputes worsen.

Poland has overtaken the UK in terms of working people's earning power.

Poland, who used to supply Britain's "dirty" labour needs.

Every UK millionaire just made £55K more a year yesterday, just by being in that cohort That windfall is over twice the average workers annual salary. 

The young Russians won't be the only ones overstaying in Kalaland this winter!

 

[chalawaan]

12 minutes ago, transam said:

How droll, didn't take long for the woodwork to open up, did it.......????

Yup, we're gonna rub it in. 

Denial isn't helping a bit, is it?

Realise you were scammed, you'll be a better chap for it in the end, according to Kipling. ????

I barely lived in the UK, but I valued my Maroon passport, I went out of my way to vote remain from abroad. So if it's any consolation, I'm ropeable about the damage done to the Sceptered isle by regressive idiots and charlatans, never forgive, never forget.

Edited September 24, 2022 by chalawaan

[Old Croc]

9 minutes ago, chalawaan said:

Oh dear, how sad, never mind.

Brexit got done. 

Or did Britain get done?

Despite childish derision, much of Britain's woes can be directly attributed to the withdrawal from the EU and the election of a fool as PM. 

[John Drake]

14 hours ago, Sparktrader said:

Made 6500 baht in 15 minutes.

Diamond Jim!

[transam]

1 minute ago, chalawaan said:

Yup, we're gonna rub it in. 

Denial isn't helping a bit, is it?

Realise you were scammed, you'll be a better chap for it in the end, according to Kipling. ????

Me, denial, no, and those who wish to "rub it in" for no reason, are posting like 12 year olds........????............????

 

[JimmyJ]

16 hours ago, Sparktrader said:

Smart traders bought the low

How did the smart traders know it was the low?

[shackleton]

Glad i did my big money transfer  end of last year 45 baht to the pound

Suspect the pound will still go lower ????

Was here when the pound was $1.05.  = 29 baht to the pound 

Okay things were cheaper then plus the cost of living 

Probably worse for those living in the ???????? 

tourists from the USA  visiting the UK will be happy ????