Pound Weakens.

[goldenbrwn1]

The pound is taking a beating today as it looks as if the UK is exiting the EU. People in the UK have spoken and as an American- I certainly respect their decision. MOney markets and stock markets do not like uncertainty so unfortunately the pound will go lower in the short term but as the exit issues get ironed out- it will recover.

While the British Empire does not exist- the UK is a major World country and has been the leading economic center for a long time. Frankly, it is the EU as a whole which will suffer more than the UK. Brits have faced adversity before and always seem to come through it just fine. If I had to make a guess in the long run the UK will rebound and find itself in a better position as all of its decisions will be made by the British themselves and not a shadow government sitting in Brussels.

Thanks cousin for your positive and educated post on the UK referendum and Britain as a whole. I myself voted to remain. This was purely but I suppose selfishly because of sterling and in doing so put my country second. I have gone through a lot of emotions this morning , up and down ( just like sterling) and being in Thailand right now hasn't gone down to well in front of my Thai wife and family lol. But I'm sort of excited now for the UKs future and I'm sure we will keep calm and get on with it like we have always done. Edited June 24, 2016 by goldenbrwn1

[trd]

Confirmed by BBC ...were out!

Whilst that my end up the result ... can you ever believe the BBC ...

Yes

[meatboy]

just woke up from a deep sleep,scb bank round 19 at 13.10pm. 47.10.TT.

[Naam]

The pound is taking a beating today as it looks as if the UK is exiting the EU. People in the UK have spoken and as an American- I certainly respect their decision. MOney markets and stock markets do not like uncertainty so unfortunately the pound will go lower in the short term but as the exit issues get ironed out- it will recover.

While the British Empire does not exist- the UK is a major World country and has been the leading economic center for a long time. Frankly, it is the EU as a whole which will suffer more than the UK. Brits have faced adversity before and always seem to come through it just fine. If I had to make a guess in the long run the UK will rebound and find itself in a better position as all of its decisions will be made by the British themselves and not a shadow government sitting in Brussels.

and all Brits will live happily ever after in their "major World country"!

[thai3]

I'm all for leaving, but we need a decent amount of Baht to the pound, say around 52 Bt.

I guess you Brits still think that you're a world power

They're not?

I notice this site is still in English, the English language is the most important in the world, just one of our many great gifts to the rest of you

[Gary A]

The Brits have been hammered before and they survived. Now they are free to determine their own destiny. If they are able to get rid of the liberal bleeding heart politicians, they will be independent and strong once again. The currency drop is just a knee jerk reaction. It will come back up and in the meantime, they are more competitive in the world market.

[goldenbrwn1]

The pound is taking a beating today as it looks as if the UK is exiting the EU. People in the UK have spoken and as an American- I certainly respect their decision. MOney markets and stock markets do not like uncertainty so unfortunately the pound will go lower in the short term but as the exit issues get ironed out- it will recover.

While the British Empire does not exist- the UK is a major World country and has been the leading economic center for a long time. Frankly, it is the EU as a whole which will suffer more than the UK. Brits have faced adversity before and always seem to come through it just fine. If I had to make a guess in the long run the UK will rebound and find itself in a better position as all of its decisions will be made by the British themselves and not a shadow government sitting in Brussels.

and all Brits will live happily ever after in their "major World country"!

What are you talking about? What has super powers or empires of old or major world economy blah blah got to do with this?

The U.K isn't going to stop trading with its partners and nor is anyone else going to stop working with us.

Please tell me if I'm wrong but I'm assuming you are either Chinese or more likely American. If it's the latter, try and remember recent conflict history or ( if you can) read up on it. It was Europe that said no to help you in your quest for war, Britain was there rejecting the United Nations vote with you! Believe it or not we are a lot fonder of you than probably most if not all of Europe.

This post is aimed at a few others on here aswell.

[YeahSiam]

A lot of British pensioners

will be taking a long, hard

look at their budgets today

Many are on budgets with

very little 'wiggle room'

[YeahSiam]

The pound is taking a beating today as it looks as if the UK is exiting the EU. People in the UK have spoken and as an American- I certainly respect their decision. MOney markets and stock markets do not like uncertainty so unfortunately the pound will go lower in the short term but as the exit issues get ironed out- it will recover.

While the British Empire does not exist- the UK is a major World country and has been the leading economic center for a long time. Frankly, it is the EU as a whole which will suffer more than the UK. Brits have faced adversity before and always seem to come through it just fine. If I had to make a guess in the long run the UK will rebound and find itself in a better position as all of its decisions will be made by the British themselves and not a shadow government sitting in Brussels.

and all Brits will live happily ever after in their "major World country"!

What are you talking about? What has super powers or empires of old or major world economy blah blah got to do with this?

The U.K isn't going to stop trading with its partners and nor is anyone else going to stop working with us.

Please tell me if I'm wrong but I'm assuming you are either Chinese or more likely American. If it's the latter, try and remember recent conflict history or ( if you can) read up on it. It was Europe that said no to help you in your quest for war, Britain was there rejecting the United Nations vote with you! Believe it or not we are a lot fonder of you than probably most if not all of Europe.

This post is aimed at a few others on here aswell.

He's a German

That's pretty much

all you need to know

Edited June 24, 2016 by YeahSiam

[speedtripler]

I'm all for leaving, but we need a decent amount of Baht to the pound, say around 52 Bt.

I guess you Brits still think that you're a world power

They're not?

I notice this site is still in English, the English language is the most important in the world, just one of our many great gifts to the rest of you

come back next year,it will be in chinese .........

[YeahSiam]

A lot of British pensioners

will be taking a long, hard

look at their budgets today

Many are on budgets with

very little 'wiggle room'

So what....?

Well it was just an

observation but it seems

to have struck a nerve.

Is there a specific monthly

financial commitment that

you may no longer be

able to meet?

[jimmiejackson]

Out of purely selfish concerns, what do you guys think the effect on the Eur will be? Seen quite a dip this morning.

[salavan]

I'm all for leaving, but we need a decent amount of Baht to the pound, say around 52 Bt.

I guess you Brits still think that you're a world power

i dont i put britian on a level with cambodia

[happy Joe]

Out of purely selfish concerns, what do you guys think the effect on the Eur will be? Seen quite a dip this morning.

Yes, the euro lost 3% this morning but it goes back to - 2.23% at this time.

The pound has lost 12% and continues to decline for approach -13%

Condolences !

Edited June 24, 2016 by happy Joe

[YeahSiam]

A lot of British pensioners

will be taking a long, hard

look at their budgets today

Many are on budgets with

very little 'wiggle room'

So what....?

Well it was just an

observation but it seems

to have struck a nerve.

Is there a specific monthly

financial commitment that

you may no longer be

able to meet?

No struck nerve here, of course it will have an affect, but why bring pensioners into your head for a post..?

PS...We have NO HP, l suspect you have..........

Nope, no HP, no loans

I brought pensioners into

my post because they're

more likely to be on fixed

incomes which have to

be converted into baht

when they're sent over.

I would've thought that

was obvious.

Why so defensive?

[YeahSiam]

Your last para about monthly payments tells all.....

I think you're worried

you might be jettisoned

[Gary A]

Your last para about monthly payments tells all.....

I think you're worried

you might be jettisoned

So why did I vote LEAVE......?

You voted leave because you are not fond of socialism and you wanted you own independent country back. Seems obvious to this US citizen. And, I am not fond of Hillary. I'm not a big Trump fan but he is better than the business as usual establishment. Old Maggie said it best about socialism.

[YeahSiam]

Your last para about monthly payments tells all.....

I think you're worried

you might be jettisoned

So why did I vote LEAVE......?

Because you were

clueless as to how a

weak pound would

affect your income

in Thailand.

[Naam]

The pound is taking a beating today as it looks as if the UK is exiting the EU. People in the UK have spoken and as an American- I certainly respect their decision. MOney markets and stock markets do not like uncertainty so unfortunately the pound will go lower in the short term but as the exit issues get ironed out- it will recover.

While the British Empire does not exist- the UK is a major World country and has been the leading economic center for a long time. Frankly, it is the EU as a whole which will suffer more than the UK. Brits have faced adversity before and always seem to come through it just fine. If I had to make a guess in the long run the UK will rebound and find itself in a better position as all of its decisions will be made by the British themselves and not a shadow government sitting in Brussels.

and all Brits will live happily ever after in their "major World country"!

What are you talking about? What has super powers or empires of old or major world economy blah blah got to do with this?

The U.K isn't going to stop trading with its partners and nor is anyone else going to stop working with us.

Please tell me if I'm wrong but I'm assuming you are either Chinese or more likely American. If it's the latter, try and remember recent conflict history or ( if you can) read up on it. It was Europe that said no to help you in your quest for war, Britain was there rejecting the United Nations vote with you! Believe it or not we are a lot fonder of you than probably most if not all of Europe.

This post is aimed at a few others on here aswell.

wrong assumption! i am a headhunter hailing from Papua New Guinea. a country which is without any doubt (seen from a cultural perspective) one of the "major world countries".

[Berty100]

I'm all for leaving, but we need a decent amount of Baht to the pound, say around 52 Bt.

I guess you Brits still think that you're a world power

They're not?

I would suggest the UK is way up the ladder compaired to most of the EU sponger countries who will now be sulking at the loss of big dosh........

I read somewhere this morning that the pound had declined against the Zimbabwe Dollar

Long queues at the money exchanges in Pattaya also today

[hansnl]

What people seem to forget is that the UK trades with many more countries outside the EU than within the EU.

I do believe, correct me if I am wrong, it might not be the number of countries outside the EU that define he trade volume, but the volume of trade per country.

That might change things somewhat, I guess.

I do believe trade with the EU countries is rather important, if not the most important for the UK.

But, I could be wrong, of course

[trd]

What people seem to forget is that the UK trades with many more countries outside the EU than within the EU.

I do believe, correct me if I am wrong, it might not be the number of countries outside the EU that define he trade volume, but the volume of trade per country.

That might change things somewhat, I guess.

I do believe trade with the EU countries is rather important, if not the most important for the UK.

But, I could be wrong, of course

And trade will continue with those EU countries.

[whiteman]

Just a bigger buyer now for New Zealand products is England and Wales and maybe Scotland the right choice to vote OUT

[Berty100]

What people seem to forget is that the UK trades with many more countries outside the EU than within the EU.

I do believe, correct me if I am wrong, it might not be the number of countries outside the EU that define he trade volume, but the volume of trade per country.

That might change things somewhat, I guess.

I do believe trade with the EU countries is rather important, if not the most important for the UK.

But, I could be wrong, of course

And trade will continue with those EU countries.

Only their products will get more expensive for the Brits, since now import duties need to be added, same goes for export. EU countries may now avoid to import products from UK because import duties need to be added.

[trd]

What people seem to forget is that the UK trades with many more countries outside the EU than within the EU.

I do believe, correct me if I am wrong, it might not be the number of countries outside the EU that define he trade volume, but the volume of trade per country.

That might change things somewhat, I guess.

I do believe trade with the EU countries is rather important, if not the most important for the UK.

But, I could be wrong, of course

And trade will continue with those EU countries.

Only their products will get more expensive for the Brits, since now import duties need to be added, same goes for export. EU countries may now avoid to import products from UK because import duties need to be added.

That's okay because our imports from the EU are roughly equivalent to our exports to the EU in monetary terms. If they impose duties we can do the same. There's nothing new about protectionism in markets the world over. Edited June 25, 2016 by trd

[Berty100]

I do believe, correct me if I am wrong, it might not be the number of countries outside the EU that define he trade volume, but the volume of trade per country.

That might change things somewhat, I guess.

I do believe trade with the EU countries is rather important, if not the most important for the UK.

But, I could be wrong, of course

And trade will continue with those EU countries.

Only their products will get more expensive for the Brits, since now import duties need to be added, same goes for export. EU countries may now avoid to import products from UK because import duties need to be added.

That's okay because our imports from the EU are roughly equivalent to our exports to the EU in monetary terms. If they impose duties we can do the same. There's nothing new about protectionism in markets the world over.

You don't seem to get it do you?

The only one who suffers from that protectionism is the Brit, because more expensive imports means, more expensive at the shop.

More expensive exports means, no orders and of course no exports and jobs, and no money to buy those more expensive imports.

You have got your country back indeed, back to pre Thatcher times.

Edited June 25, 2016 by Berty100

[MissAndry]

The only one who suffers from that protectionism is the Brit, because more expensive imports means, more expensive at the shop.

The EU adds 8% to the cost of most imported goods into the UK.

No EU means cheaper at the shops.

Not to mention few manufacturers sell their goods on a cost plus basis.

They price on what the market will stand, making the exchange rate irrelevant to the final selling price.

I can demonstrate this quite well with one popular example.

Pepsi ......... 440ml bottle 12bht in the local Thai stores ........ 1.2gbp (60bht) in the UK.

It isn't priced on the production cost of the product, it's priced by what the natives will pay for it.

Now do the same for any electronic goods USA price Vs UK (EU) price.

Edited June 25, 2016 by MissAndry

[trd]

I do believe, correct me if I am wrong, it might not be the number of countries outside the EU that define he trade volume, but the volume of trade per country.

That might change things somewhat, I guess.

I do believe trade with the EU countries is rather important, if not the most important for the UK.

But, I could be wrong, of course

And trade will continue with those EU countries.

Only their products will get more expensive for the Brits, since now import duties need to be added, same goes for export. EU countries may now avoid to import products from UK because import duties need to be added.

That's okay because our imports from the EU are roughly equivalent to our exports to the EU in monetary terms. If they impose duties we can do the same. There's nothing new about protectionism in markets the world over.

You don't seem to get it do you?

The only one who suffers from that protectionism is the Brit, because more expensive imports means, more expensive at the shop.

More expensive exports means, no orders and of course no exports and jobs, and no money to buy those more expensive imports.

You have got your country back indeed, back to pre Thatcher times.

You don't seem to get it. Markets are driven by supply and demand. Is Airbus not going to buy the wings that Britain makes for its aircraft because we leave the club? Do you know how many countries outside the EU benefit from trading with it. And it is of mutual benefit. There is no particular argument that says if you don't belong to that particular club then you are doomed. Right now I would say the UK trading agreements and investment opportunities with China and India are more important.

[meatboy]

A lot of British pensioners

will be taking a long, hard

look at their budgets today

Many are on budgets with

very little 'wiggle room'

i lived here when it was 38bht.to the pound and seen it at 97.so all you guys retirering to thailand never ever set your living rate of exchange above 42-46.

otherwise you will suffer the greedy virus.

[Cirencester]

Fortunately I transferred funds across to my bank couple weeks ago and got 51 something net just on off chance we exited. Enough funds for the next year here anyway

Suspect with a 10% drop currently from where it was Thursday morning it will stop a few coming to Thailand