1 minute ago, shackleton said:

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 ???? 

I did mine when it was 69 baht to the pound.....????

From 1792 (coinage act) until 2022...

 

especially with the trolls from the days of the 1995ish.

 

the United States Dollar will be WORTHLESS!!!!  Listen world, I am sure...FIAT, SCAM, I AM SURE!!!!

 

Every year....................................every.......................single.............................year

 

and yet the UNITED STATES of AMERICA does not care for these predictions...

 

the Dollar is super strong.....................................how can so many trolls be wrong every year?????

 

Check my posts.............I called a Thai baht 50 to 1 versus USD.

 

I'm rich already

 

Bitcoin under 10,000

 

 

36 minutes ago, Old Croc said:

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. 

This one or the last one? 555

Just now, KannikaP said:

This one or the last one? 555

We didn't elect this one.

56 minutes ago, chalawaan said:

Oh dear, how sad, never mind.

Brexit got done. 

Or did Britain get done?

Still the GBP not at lowest yet but very near it and 41 to the pound and was as many know 73 to the pound 15 years ago and we on frozen state piddly state pension

2 hours ago, Sparktrader said:

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

I think you need to put the pipe down and stop serial posting.

I believe the last time cable threatened dollar parity, the bottom came when the 3 month Forward Rate hit dollar parity. Spot cable never breached 1:1.....and the bottom was in.

3 hours ago, JayClay said:

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.

14 year bear market. 

2 hours ago, jwest10 said:

Still the GBP not at lowest yet but very near it and 41 to the pound and was as many know 73 to the pound 15 years ago and we on frozen state piddly state pension

15 years of freebies are over. The pound was massively overvalued before. Welcome to real world.

3 hours ago, JimmyJ said:

How did the smart traders know it was the low?

It doesnt matter. You trade the spikes. Big standard deviations over 4 days reverse

 

 

2 minutes ago, Sparktrader said:

15 years of freebies are over. The pound was massively overvalued before. Welcome to real world.

The Pound was 37 a few years ago

 

11 minutes ago, Mac Mickmanus said:

The Pound was 37 a few years ago

Kangaroo 18 baht

GBP the oldest Fiat currency in existence, sad to see its demise

 

Its not just the pound that falling, the Euro is no better positioned vs the Dollar.

My prediction all Fiat currencies, Euro, GBP, Yen implode to the USD.

 

Thats when they accept they have a broken money system and the unit then moves to a more universal digital currency, which will be backed by gold and bitcoin (the only true hard monies)

 

 

1985 low double bottom chance

GBP-THB

 

Where do you look for forecasts?

 

I've used poundf.co.uk before, latest predictions are down, over next few days, weeks, months, years

 

eg Monday forecast min 38.91, max 40.09, rate 39.50

and heading mostly down the rest of the year, Nov close 37.15

 

I'd like to compare other forecasts, pretty much all mainstream UK news is all doom and gloom today.

Whats predicted to happen next week when trading opens on Monday?

And so it continues:

 

https://uk.investing.com/currencies/gbp-thb

On 9/24/2022 at 4:46 PM, digital said:

GBP-THB

 

Where do you look for forecasts?

 

I've used poundf.co.uk before, latest predictions are down, over next few days, weeks, months, years

 

eg Monday forecast min 38.91, max 40.09, rate 39.50

and heading mostly down the rest of the year, Nov close 37.15

 

I'd like to compare other forecasts, pretty much all mainstream UK news is all doom and gloom today.

Whats predicted to happen next week when trading opens on Monday?

There's no such thing as a useable currency forecast, all those sites do is extrapolate current levels and trends. Go back and look at the Sterling forecasts of a week ago and see what they forecast then, 6, 12 and 24 months on and you'll see what I mean, they will be the exact opposite of todays forecasts.

Spot is 1.0497 to the dollar

 

Kind of ugly

I got 40.7 with wise last night, wasn't sure what would happen this morning so only did my normal transfer.

 

Did the Uk govt not expect this to happen? Kwasi is making no comment at all about it, he doesn't comment about markets ! He did say though there are more tax cuts to come.

 

I don't get what's going on, BoE is upping rates to control spending and inflation, Govt is cutting taxes, surely they are working against each other. Weak pound will only add to inflation and higher interest rates.

 

3 minutes ago, digital said:

I got 40.7 with wise last night, wasn't sure what would happen this morning so only did my normal transfer.

 

Did the Uk govt not expect this to happen? Kwasi is making no comment at all about it, he doesn't comment about markets ! He did say though there are more tax cuts to come.

 

I don't get what's going on, BoE is upping rates to control spending and inflation, Govt is cutting taxes, surely they are working against each other. Weak pound will only add to inflation and higher interest rates.

 

USD is abnormally strong, it will weaken in due course and the rate against the Pound will improve, 1.04 is not a normal GBP/USD exchange rate. In the meantime, UK exports will more attractive plus the UK will attract more overseas business, expect bankers to return to the City. And yes, higher interest rates are overdue, that also will strengthen the Pound.

On 9/24/2022 at 4:23 PM, ed strong said:

Thats when they accept they have a broken money system and the unit then moves to a more universal digital currency, which will be backed by gold and bitcoin (the only true hard monies)

La-la-land - bitcoin 'hard money' give me a break.

4 hours ago, Stocky said:

La-la-land - bitcoin 'hard money' give me a break.

4 hours ago, Stocky said:

La-la-land - bitcoin 'hard money' give me a break.

Perhaps offer something that might support your comment rather than just mocking my post.

 

The traction it has occurred over the last 12 years is simply amazing and undenaiably impressive.

 

No down time, no expansion of monetary policy everyone comes round to the idea eventually, started with one user 12 years ago, now has over 100m. How did that happen?

 

 

 The only hope for the UK economy is an export boom

 

Maybe this sterling devaluation was engineered to create this opportunity.

Very Risky.

37 minutes ago, ed strong said:

Perhaps offer something that might support your comment rather than just mocking my post.

Support? 
It's Bitcoin that lacks any support not my comments!

 

Beyond someone else willing to buy it from you, what is the fundamental support for Bitcoin?

37 minutes ago, Delight said:

 The only hope for the UK economy is an export boom

 

Maybe this sterling devaluation was engineered to create this opportunity.

Very Risky.

You could well be right, but I wonder if they factored in the danger that these cheap exports would earn less harder currencies in return.

 

Imports will of course cost more, like fuels, maybe that was part of the thinking.

1 hour ago, Stocky said:

Support? 
It's Bitcoin that lacks any support not my comments!

 

Beyond someone else willing to buy it from you, what is the fundamental support for Bitcoin?

Look at history to know the future, everything has become digital, look at how are conversing now compared to 20 years ago.

 

I will be able to (can) send 50 cents anywhere in the world pretty much instant for less than a cent. The use case for micropayment is huge and pay as you go type payments, will become alot more relevant in the future.

 

I appreciate some of the older folk have a difficult time understanding new technologies (digital value / transfer) and their impact however if you are unable to find one thing positive or see anything worthwhile then i say to do some research, its certainly a rabbit hole.

 

It all started in the 80's but no one was able to produce a workable product, untill 2009 when that changed by Satoshi solving the double spend problem.

Its was a huge moment!

 

16 hours ago, ed strong said:

I appreciate some of the older folk have a difficult time understanding new technologies (digital value / transfer) and their impact

Criticism of cryptocurrencies, particularly the nitty gritty of their fundamental value, invariably elicits little but blather in response and the 'if you can't understand how wonderful it is you must be a senile old fart' line of defence. 

 

.

On 9/23/2022 at 3:17 PM, Sparktrader said:

Time to buy

Media always wrong

Yep! Recently everything was down with the exeption of the US$. Global Stocks and certain commodities are close to important support-levels. Making a modest "upward-bounce" likely. To be used to add to short positions. As a hedge, long Copper, in case the markets decide that the economic problems of the world have vanished overnight.

On 9/23/2022 at 9:16 PM, Sparktrader said:

What laptop brand is that?

Toshiba