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Pound near three-year high vs the dollar as Trump's trade war sends the greenback tumbling


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Posted

 

With fears over the health of the US economy mounting, sterling rose as much as 0.7 per cent to $1.3557, while investors seeking safety pushed gold back towards its recent all-time high of $3,500 an ounce.

The dollar has fallen 9 per cent against a basket of major currencies this year and analysts at Morgan Stanley are predicting a further 9 per cent drop over the next 12 months.

That could push sterling – just below last month’s three-year high of $1.3593 – back towards $1.50. 

Pound races towards three-year high against the dollar as Trump's trade war sends the greenback tumbling

A double win for Trump surely. A declining dollar to boost US exports and extra costs on Donald's tariffs for the American consumer to shoulder. 

That'll put them off buying any foreign goods. Make America great again, pay more!

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Posted

I'm not very clever with money (No! I hear you cry!) but like many I have my UK pension paid into my Thai bank via Citibank. 

 

Does that mean that I will get a little bit more sponduliks?

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Posted

Too funny, what else is Trump's fault.   The GBP can only up, considering where it's been since Brexit.  And a rocky road it's been on.

 

Up 6% for 5 yrs ago.  But down from 4 yrs ago @ 1.41, just a wee bit of cherry picking.

 

Up 35% from Sept 2022, same on Sept 2024, still 30% up, who's fault was it then.

 

Y'all crack me up ...  sad, deranged lives you live :cheesy:

 

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Posted
1 hour ago, KhunLA said:

Too funny, what else is Trump's fault.   The GBP can only up, considering where it's been since Brexit.  And a rocky road it's been on.

 

Up 6% for 5 yrs ago.  But down from 4 yrs ago @ 1.41, just a wee bit of cherry picking.

 

Up 35% from Sept 2022, same on Sept 2024, still 30% up, who's fault was it then.

 

Y'all crack me up ...  sad, deranged lives you live :cheesy:

 

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Actually, the real fall of the GBP occured after the referendum.

 

Having said that, it's true that the USD has weakened in 2025. It's the same trend compared with other currencies,such as the €.

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Posted
26 minutes ago, candide said:

Actually, the real fall of the GBP occured after the referendum.

 

Having said that, it's true that the USD has weakened in 2025. It's the same trend compared with other currencies,such as the €.

Yep, EU gave you a right good spanking.  How dare people start to think for themselves ... :coffee1:

Posted
2 hours ago, KhunLA said:

Too funny, what else is Trump's fault.   The GBP can only up, considering where it's been since Brexit.  And a rocky road it's been on.

 

Up 6% for 5 yrs ago.  But down from 4 yrs ago @ 1.41, just a wee bit of cherry picking.

 

Up 35% from Sept 2022, same on Sept 2024, still 30% up, who's fault was it then.

 

Y'all crack me up ...  sad, deranged lives you live :cheesy:

 

image.png.2a5ebeec25afdbd56da74c07bb6674a2.png

Still can't read, huh? The US $ is tanking against a basket of currencies!

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Posted
4 minutes ago, SunnyinBangrak said:

Great for US exports. Great for more bringing back the jobs the left said could never come back. Result! Nice one Trump, looks like you were RIGHT AGAIN😆

Devaluations are also inflationary.

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Posted
2 minutes ago, SunnyinBangrak said:

As is money printers go brrrrrrrr aka Bidenomics. Your point?

My point is that there is that devaluations generate inflation, which is not what people voted for.

Imports get more expensive, and local producers will increase their prices if they can sell it at a more expensive price abroad.

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Posted
32 minutes ago, gargamon said:

Still can't read, huh? The US $ is tanking against a basket of currencies!

'tanking' ... we obviously have different opinions of that definition.

 

My last 3, soon to be 4 deposits @ noted exchange rate, since Trump's inauguration.

 

Tanking, < 4% if today's is 32  :cheesy: 

 

 

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And since being elected, Dec & Jan exchange rates were nice also ... once everyone realized Harris didn't have a snowball's chance of winning, up up & up.

 

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Posted
2 hours ago, KhunLA said:

The GBP can only up, considering where it's been since Brexit.  And a rocky road it's been on.

 

Exactly right. Where else was it gonna go, after having been down in the toilet for so long?

 

Dollar going up again now. Was taking UJ short but that's coming to an end. There's big US news tonight anyway that will further push up the dollar.

Posted

Trump wants a weaker USD, good for exports, USA manufacturing, jobs market.  Doesn't effect Yanks, $1 is still $1 in USA.  Buy USA, support your fellow workers and local economy.

 

Doesn't help me much, and as long as it stays about ฿30 / $1  then it doesn't affect me at all.   Actually never will, as that exchange rate doesn't affect the money we have here.  ฿1 is still ฿1 here :coffee1:

 

He's only president for 4 years, and don't expect the ฿ to $ rate to change much, as within ฿30-35 / $1 most of the last 19 years.

 

Let me know went it dips below ฿30, for more than a week or month, as that will actually be something different, since I've been here for 25 years.

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