The Pound Is Falling Down

[Will1]

The Pound is weakening against other currency, my predictions are we could see 60-65 Baht to the Pound, by the end of the year.

[Ulysses G.]

Do you mean getting stronger? It is around 50 right now,

[cmsally]

I think you mean the GBP is strengthening .

I would say 52Bt/1 GBP at the best for sometime to come.

[robblok]

Do you mean getting stronger? It is around 50 right now,

The guy doesnt know what he is talking about and still he predicts 60 - 65 in the end of the year.

[likewise]

hmm, explain ? If the pound is "falling" how can it go up against the THB??? I trade currencies and futures for a living and buddy sorry to tell you but you are full of it.........

[likewise]

Maybe he's watching the charts upside down?

[Will1]

OP, try again tomorrow without the LEO or CHANG.

There an old saying, if you can't beat them join them.

Signed

One for the road

[jeanpierre]

Maybe he's watching the charts upside down?

the pound is it that what we use as wallpaper?

[goldfinger]

....my predictions are we could see 60-65 Baht to the Pound

why not dream of 85 ????

[MB1]

I sincerely hope the OP is correct and the rate is 60/65 by the end of the year, I'll have a wonderfull time in Thailand over xmas and new year...

[goldfinger]

if itb is 65 at christmas, then there are other problems in thailand, and the time will not be wonderfull for foreigners.

[Thongkorn]

The pound has had a good run in the last few days , maybe the poster could be correct.

[Rinrada]

Super R is quoting ha sip baht/£1 for the first time since........

[changnaam]

Where did you get your prediction from OP?

The fact that you consider the £ is falling would tell us either:

1) you know naff all about about currency values and what affects their relationship with other currencies.

2) you were reading your charts upside down

or more likely 3) you have been on the Lao Khao again.

Can you enlighten us as to where the figure 65 to the £ came from. I would love to know what indicators gave you that brain wave?

[Will1]

Where did you get your prediction from OP?

The fact that you consider the £ is falling would tell us either:

1) you know naff all about about currency values and what affects their relationship with other currencies.

2) you were reading your charts upside down

or more likely 3) you have been on the Lao Khao again.

Can you enlighten us as to where the figure 65 to the £ came from. I would love to know what indicators gave you that brain wave?

I don't have time to answer the questions, all I can tell you is thing's are about to change.

watch this thread.

[mahtin]

His media massage just had a happy ending.

[GuestHouse]

The Bank of England discussed raising interest rates at their last review - The rate was not raised but the fact that this is being discussed suggests that it is due to happen soon. That will result in a few extra Bht to the pound. But meanwhile the Bht is perhaps still under valued and there's a Grain Fungus impacting wheat production across many producing nations - Rice is inevitably going to go up in price which again will strengthen the Bht.

I'd bet on a slight increase in the exchange rate in the near future but that the trend will continue Bht up, Pound down.

Edited July 30, 2010 by GuestHouse

[dmax]

Do you mean getting stronger? It is around 50 right now,

The guy doesnt know what he is talking about and still he predicts 60 - 65 in the end of the year.

here here

[likewise]

IMO GBP/Baht will hover between 50 to 55 for the next coming months.

[PNGinBKK]

hmm, explain ? If the pound is "falling" how can it go up against the THB??? I trade currencies and futures for a living and buddy sorry to tell you but you are full of it.........

I could have not have said it better.

Someone has had one too many Jabba this morning me thinks!

[thepanicandthevomit]

The Bank of England discussed raising interest rates at their last review - The rate was not raised but the fact that this is being discussed suggests that it is due to happen soon. That will result in a few extra Bht to the pound. But meanwhile the Bht is perhaps still under valued and there's a Grain Fungus impacting wheat production across many producing nations - Rice is inevitably going to go up in price which again will strengthen the Bht.

I'd bet on a slight increase in the exchange rate in the near future but that the trend will continue Bht up, Pound down.

I wouldn't bet on a rate rise if I were you. The BoE may be discussing it but the latest predictions are for interest rates to remain on hold for the next 4 years. Obviously that's to be taken with a pinch of salt but it makes more sense than rising them, which could see millions of feckless borrowers thrown out on the street when they cannot meet their mortgage repayments. That will be too politically damaging, although I for one would love it if the aspirational dickheads that got us into this mess in the first place paid the highest price.

I suspect inflation will be used as a tool to see us out of the financial catastrophe the country faces, so no rate rises. I can't see the pound strengthening against the baht for the foreseeable future, if ever.

[Will1]

The Bank of England discussed raising interest rates at their last review - The rate was not raised but the fact that this is being discussed suggests that it is due to happen soon. That will result in a few extra Bht to the pound. But meanwhile the Bht is perhaps still under valued and there's a Grain Fungus impacting wheat production across many producing nations - Rice is inevitably going to go up in price which again will strengthen the Bht.

I'd bet on a slight increase in the exchange rate in the near future but that the trend will continue Bht up, Pound down.

I wouldn't bet on a rate rise if I were you. The BoE may be discussing it but the latest predictions are for interest rates to remain on hold for the next 4 years. Obviously that's to be taken with a pinch of salt but it makes more sense than rising them, which could see millions of feckless borrowers thrown out on the street when they cannot meet their mortgage repayments. That will be too politically damaging, although I for one would love it if the aspirational dickheads that got us into this mess in the first place paid the highest price.

I suspect inflation will be used as a tool to see us out of the financial catastrophe the country faces, so no rate rises. I can't see the pound strengthening against the baht for the foreseeable future, if ever.

GBP: 50.2138

[GarryP]

Perhaps he's got it the wrong way round and mean't to say 65 pounds to the Baht.

[Will1]

GBP: 50.6723

[Kwasaki]

Intrest rates going up and down in UK sometimes does not effect things.

People who work in trading should know that, I'm wondering whose the one, quote " full of it " .

Gold is another thing no - one really knows up or down.

It has been said Pound down, Baht up. so what !!! it's what the dollar and the bath does that matters.

e.g. pound = 1.50 $ x 32 bht = 48 bht to pound.

pound down 1.48 $ x 35 bht up = 51.8 to pound.

worse I've had is 46 and the best in Sept 2005 was 75.

Edited August 4, 2010 by Kwasaki

[kmj]

Where are the idiots sorry I mean ( Thaivisa money experts) and their "the pound is crashing and won't see 50 baht for decades" comments just a couple of months ago...

[Beetlejuice]

Will1 I think you are right. Checked the bank rates and nearly 51 to the pound today.

I am wiling to have a sex change and have your babies.

[chickenslegs]

Will1 I think you are right. Checked the bank rates and nearly 51 to the pound today.

I am wiling to have a sex change and have your babies.

This time next year we'll be millionaires (Delboy).

[IanForbes]

I like my own cooking too much. I'm putting on more pounds. I have to wait until I get back to Thailand before the pounds start falling off. I think I baht too much food.

[chickenslegs]

I like my own cooking too much. I'm putting on more pounds. I have to wait until I get back to Thailand before the pounds start falling off. I think I baht too much food.

Ian,

Pound for pound you are good value.

I wish I had your problem. The longer I stay here (in Thailand) the fatter I get.

Anyway - 1GBP = 51THB at Kasikorn today