omnipresent Posted July 19, 2023 Share Posted July 19, 2023 GBP/THB was doing quite well this year until diving sharply since a couple of days ago. What's going on? https://www.xe.com/currencycharts/?from=GBP&to=THB&view=1Y 1 Link to comment Share on other sites More sharing options...
jaideedave Posted July 19, 2023 Share Posted July 19, 2023 1 minute ago, omnipresent said: GBP/THB was doing quite well this year until diving sharply since a couple of days ago. What's going on? https://www.xe.com/currencycharts/?from=GBP&to=THB&view=1Y My Canuck buck and others have done the same.I think the operative word here is "manipulation" but of course I could be wrong. 1 1 1 Link to comment Share on other sites More sharing options...
Popular Post churchill Posted July 19, 2023 Popular Post Share Posted July 19, 2023 UK inflation lower than expected , so BOE interest rate rises less than expected . GBP lower . 2 1 Link to comment Share on other sites More sharing options...
Popular Post Kwasaki Posted July 19, 2023 Popular Post Share Posted July 19, 2023 Sharp dive from 45 to 44 you having a laugh or what. 1 2 1 Link to comment Share on other sites More sharing options...
scubascuba3 Posted July 19, 2023 Share Posted July 19, 2023 It seems to be Pita related, vote today maybe they expect it to go through, currencies weakened 1%ish yesterday, more today Link to comment Share on other sites More sharing options...
Gaccha Posted July 19, 2023 Share Posted July 19, 2023 1 hour ago, churchill said: UK inflation lower than expected , so BOE interest rate rises less than expected . GBP lower . This. As soon as inflation levels were lower than expected, the market will anticipate lower interest rates, which will naturally mean a weaker pound. Economics 101. 1 Link to comment Share on other sites More sharing options...
anterian Posted July 19, 2023 Share Posted July 19, 2023 British inflation lower than expected, so Bank interest rate will not increase, so Pound less attractive to investors. 1 Link to comment Share on other sites More sharing options...
KhunBENQ Posted July 19, 2023 Share Posted July 19, 2023 2 hours ago, omnipresent said: What's going on? It's not a Pound thing, it's a Baht surge. Link to comment Share on other sites More sharing options...
Pumpuynarak Posted July 19, 2023 Share Posted July 19, 2023 9 hours ago, KhunBENQ said: It's not a Pound thing, it's a Baht surge. Yes the Baht has surged due to the optimism of Thailand's new parliament but....... LONDON (Reuters - The pound fell on Wednesday after data showed UK inflation slowed faster than expected in June, relieving some of the pressure on the Bank of England to keep raising interest rates. British annual consumer price inflation fell to a lower than expected 7.9% in June, according to government statistics, below a forecast for a decline to 8.2%. 1 Link to comment Share on other sites More sharing options...
Chivas Posted July 20, 2023 Share Posted July 20, 2023 Sterling weakened against the USD whilst at same time the Baht strengthened against the USD Both pairings going in the wrong direction as regards bottom line of Sterling/Baht Link to comment Share on other sites More sharing options...
mancub Posted July 20, 2023 Share Posted July 20, 2023 15 hours ago, anterian said: British inflation lower than expected, so Bank interest rate will not increase, so Pound less attractive to investors. More to it than that. GBP gaining against USD today, yet still falling against THB, as is EUR . YUAN, however has shown a sharp rise against THB. Link to comment Share on other sites More sharing options...
gamb00ler Posted July 20, 2023 Share Posted July 20, 2023 (edited) DELETED cockpit error! Edited July 20, 2023 by gamb00ler Link to comment Share on other sites More sharing options...
omnipresent Posted July 20, 2023 Author Share Posted July 20, 2023 On 7/19/2023 at 10:07 AM, Kwasaki said: Sharp dive from 45 to 44 you having a laugh or what It was very steep, as you can see in the chart, so "sharp" (as opposed to "large", which you might have mistaken me as expressing) is accurate. Link to comment Share on other sites More sharing options...
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