GBP v Thai baht

[terak]

Can someone explain why the Thai Baht is putting the uk pound under pressure considering the activities that are happening in Thailand/Bangkok just now please

[cashpower]

banking and currency exchange is a complicated business, and small things can have a large influence. it's possible that one of the aforementioned bankers visited great britain and saw it for himself, passing on that information to other bankers.

[wym]

Factors that you consider predictive of movement in any given financial market have most likely been factored into current pricing long ago by those full-time hard-wired into the relevant datastreams.

If high-volume traders a few days ago thought there was a possibility of major disruption or even large-scale violence, and then more recently learned things aren't as bad as they thought. . .

Combined with of course hundreds of other forces not least of which pressures on the other currency, including fundamentals like balance of trade, the relevant governments financial (mis-)management of their banking sector or currency etc.

IMO it's a fool's game to try to beat sophisticated markets like this with short-term timing-critical trades, when the big players are so much better/faster informed, not to mention equipped with algorithm-assisted AI technology.

Bet on fundamentals over the long term if you really want to play, broad indexes better than specific niches.

[Bender]

why people dont want to understand there is a general trends, it take usually weeks and month to notice it.

And you have short term trends, that explain that within a day or even few hours the exchange rate can go down and later up by few satangs.

Otherwise the baht would be already over 100 baht to the dollars!