Pound Weakens.

[MissAndry]

Anyway I'll leave you to have the last word and carry on posting your puerile comments as you wish, fortunately working here means I have more rewarding ways to spend my days than arguing on the internet. All the best...

Yes, the poor always have limited time because of their need to work.

[baansgr]

The media keep quoting 31 years. Interesting that the real pivotal period in history of Sterling is 1975/6....the year of the 1st referendum, prior to this Sterling stayed way above $2. Leaving the EU will essentially in the long term benefit Sterling with rates not seen for over 40 years.

http://fx.sauder.ubc.ca/etc/GBPpages.pdf

[B1TcoinLife]

The wife is paid in Thai Baht ,this month was a very good month ,keep on selling those condos love

your wife is not working for a multinational receiving an expat package.

Plenty of Thai women receive generous expat packages .... But maybe not for selling condos lol

[Mark123456]

The media keep quoting 31 years. Interesting that the real pivotal period in history of Sterling is 1975/6....the year of the 1st referendum, prior to this Sterling stayed way above $2. Leaving the EU will essentially in the long term benefit Sterling with rates not seen for over 40 years.

http://fx.sauder.ubc.ca/etc/GBPpages.pdf

So you think the only thing to have changed in the global economic landscape over the last 40 years is the UK's membership status in the EU? In November 2007 - pre credit crisis - GBP/USD was as high as 2.11, and we were in the EU then - how does that fit with your theory?

[YeahSiam]

And it heads even lower

$1.30 and I can imagine

a few old boys are

starting to worry about

hanging on to their birds

[DUS]

And it heads even lower

$1.30 and I can imagine

a few old boys are

starting to worry about

hanging on to their birds

You are forgetting this is all for a greater good and for Britain to rule the waves again in the future. I am sure the "old boys" and their girls will fully understand the sacrifices they have to make. Short term pain, long term gain ... ;-)

[wordchild]

some commentators are now suggesting sterling/dollar parity as an eventual target, frankly i wouldnt be surprised if we get close to that.

So another 20% plus off against the dollar. How does 35 baht to the pound feel guys? Not sure Nigel farage will be quite such a hero if that happens. Maybe thats why he is getting out now,a traders instinct.

Edited July 5, 2016 by wordchild

[Mojomor]

The theme of short term pain and long term gain is a constant message being spouted about. However, it is being made by older people.

The young people of Britain voted 75% for the EU, and they are the future. The long term gain is their right, not older people with strange closed mind attitudes.

[Mojomor]

The theme of short term pain and long term gain is a constant message being spouted about. However, it is being made by older people.

The young people of Britain voted 75% for the EU, and they are the future. The long term gain is their right, not older people with strange closed mind attitudes.

[Naam]

And it heads even lower

$1.30 and I can imagine

a few old boys are

starting to worry about

hanging on to their birds

there... there... no need to scare the living out of the old boys!

[Naam]

The media keep quoting 31 years. Interesting that the real pivotal period in history of Sterling is 1975/6....the year of the 1st referendum, prior to this Sterling stayed way above $2. Leaving the EU will essentially in the long term benefit Sterling with rates not seen for over 40 years.

http://fx.sauder.ubc.ca/etc/GBPpages.pdf

So you think the only thing to have changed in the global economic landscape over the last 40 years is the UK's membership status in the EU? In November 2007 - pre credit crisis - GBP/USD was as high as 2.11, and we were in the EU then - how does that fit with your theory?

2.3240 in 1980!

[Mark123456]

And 1.0438 in 1985! I hope we're not headed there again. My only comfort is that 44% of my income is now in USD. If this had happened about 15 months ago it would have hurt me a lot more. How's that for a selfish attitude?

Edited July 5, 2016 by Mark123456

[metisdead]

An off topic deflection post has been removed.

[baansgr]

The theme of short term pain and long term gain is a constant message being spouted about. However, it is being made by older people.

The young people of Britain voted 75% for the EU, and they are the future. The long term gain is their right, not older people with strange closed mind attitudes.

Age to 24 yo yes but 24-40 was a marginal 54% and its unlikely that those which have barely stopped being breast fed are in any position to know whats best. Also its the same strange older electorate with closed mind attitudes that voted to join back in the 70s and have now realized that what was supposed to be a free trading area is nothing more than a few unelected despots such as Junker dictating to all throughout Europe what they can and cant do. The UK will still trade freely with Europe but without restrictions, the NHS and State pension saved from private US companies so its really a case of Mama knows best.

[baansgr]

The media keep quoting 31 years. Interesting that the real pivotal period in history of Sterling is 1975/6....the year of the 1st referendum, prior to this Sterling stayed way above $2. Leaving the EU will essentially in the long term benefit Sterling with rates not seen for over 40 years.

http://fx.sauder.ubc.ca/etc/GBPpages.pdf

So you think the only thing to have changed in the global economic landscape over the last 40 years is the UK's membership status in the EU? In November 2007 - pre credit crisis - GBP/USD was as high as 2.11, and we were in the EU then - how does that fit with your theory?

Not a theory, its history in blank and white, past 40 years Sterling has reached $2 only on 4 averaged years, prior to 1975 was way above $2 every year.

[Naam]

The media keep quoting 31 years. Interesting that the real pivotal period in history of Sterling is 1975/6....the year of the 1st referendum, prior to this Sterling stayed way above $2. Leaving the EU will essentially in the long term benefit Sterling with rates not seen for over 40 years.

http://fx.sauder.ubc.ca/etc/GBPpages.pdf

So you think the only thing to have changed in the global economic landscape over the last 40 years is the UK's membership status in the EU? In November 2007 - pre credit crisis - GBP/USD was as high as 2.11, and we were in the EU then - how does that fit with your theory?

Not a theory, its history in blank and white, past 40 years Sterling has reached $2 only on 4 averaged years, prior to 1975 was way above $2 every year.

reason: Bretton Woods, fixed exchange rates! 1994-1968

https://en.wikipedia.org/wiki/Bretton_Woods_system

[wordchild]

1.287 gbp/usd as I write this. the pound pretty much halved in value down to 1.18 (from close to 2.4) between dec 1980 and dec 1984; looks like we will get to 1.18 again pretty quickly!

[i claudius]

The theme of short term pain and long term gain is a constant message being spouted about. However, it is being made by older people.

The young people of Britain voted 75% for the EU, and they are the future. The long term gain is their right, not older people with strange closed mind attitudes.

Yes75% voted to stay in ,its a shame that only 10 bothered to vote though , all the rest did not bother .

[rwdrwdrwd]

The media keep quoting 31 years. Interesting that the real pivotal period in history of Sterling is 1975/6....the year of the 1st referendum, prior to this Sterling stayed way above $2. Leaving the EU will essentially in the long term benefit Sterling with rates not seen for over 40 years.

http://fx.sauder.ubc.ca/etc/GBPpages.pdf

So you think the only thing to have changed in the global economic landscape over the last 40 years is the UK's membership status in the EU? In November 2007 - pre credit crisis - GBP/USD was as high as 2.11, and we were in the EU then - how does that fit with your theory?

Not a theory, its history in blank and white, past 40 years Sterling has reached $2 only on 4 averaged years, prior to 1975 was way above $2 every year.

Thank god that the rest of the worlds currencies simply react to the £ - this fact ensures making the moneys is really easy since we can just predict all the rates by simply using the 1974 rate.

Edited July 6, 2016 by rwdrwdrwd

[DUS]

Even though I was in a way lucky that I transferred enough pounds to cover me for the next 12 - 18 months it is painful to see the pound dropping like a stone since the Brexit vote. I saw 44.xx at one of the exchange booths about an hour ago.

From where we stand at the moment, we´d roughly need a 20% increase in the pound to the baht just to reach where we were prior to this dreadful vote. However, I guess by the time the pound will have found its bottom it will be more like a 50% move that we´ll need just to recoup the post Brexit losses.

Tough times ahead for many, many expats. :-((

Edited July 6, 2016 by DUS

[Jip99]

Even though I was in a way lucky that I transferred enough pounds to cover me for the next 12 - 18 months it is painful to see the pound dropping like a stone since the Brexit vote. I saw 44.xx at one of the exchange booths about an hour ago.

From where we stand at the moment, we´d roughly need a 20% increase in the pound to the baht just to reach where we were prior to this dreadful vote. However, I guess by the time the pound will have found its bottom it will be more like a 50% move that we´ll need just to recoup the post Brexit losses.

Tough times ahead for many, many expats. :-((

Superrich are giving 47.25.

What does that tell you about the FX markets?

[YeahSiam]

Even though I was in a way lucky that I transferred enough pounds to cover me for the next 12 - 18 months it is painful to see the pound dropping like a stone since the Brexit vote. I saw 44.xx at one of the exchange booths about an hour ago.

From where we stand at the moment, we´d roughly need a 20% increase in the pound to the baht just to reach where we were prior to this dreadful vote. However, I guess by the time the pound will have found its bottom it will be more like a 50% move that we´ll need just to recoup the post Brexit losses.

Tough times ahead for many, many expats. :-((

Superrich are giving 47.25.

What does that tell you about the FX markets?

That some outlets aren't

as greedy with their

spreads as others

[DUS]

Superrich are giving 47.25.

I always use superrich when I need to exchange some spare cash. Mind you, I started to doubt the spreads and rates they give on their websites. I went to Superrich with a mate the other week and whilst the rate was something like 49.xx online, at the booth it was 47 or 48 something. Whatever it was, it was way off the rate shown online and there was no point showing the online rate to the lady working there.

[DUS]

But whatever the exchange rates at different booths are now, the sad fact is: the pound is dropping and it is dropping fast. :-((((((

[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

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.

You do realise don't you that it's possible to leave the EU, but still remain in the single market.

I guess that idea is favoured by a lot of inhabitants of a lot of countries in Europe.

Europe yes, EU no.

Back to the EEC.

[YeahSiam]

Apparently it's good for

British exports. Even

though we import more

than we export by miles.

Hello inflation

[Naam]

The media keep quoting 31 years. Interesting that the real pivotal period in history of Sterling is 1975/6....the year of the 1st referendum, prior to this Sterling stayed way above $2. Leaving the EU will essentially in the long term benefit Sterling with rates not seen for over 40 years.

http://fx.sauder.ubc.ca/etc/GBPpages.pdf

So you think the only thing to have changed in the global economic landscape over the last 40 years is the UK's membership status in the EU? In November 2007 - pre credit crisis - GBP/USD was as high as 2.11, and we were in the EU then - how does that fit with your theory?

Not a theory, its history in blank and white, past 40 years Sterling has reached $2 only on 4 averaged years, prior to 1975 was way above $2 every year.

Thank god that the rest of the worlds currencies simply react to the £ - this fact ensures making the moneys is really easy since we can just predict all the rates by simply using the 1974 rate.

best to use the rate 2.80 valid for 23 years from 1944 till early 1968

[Mark123456]

best to use the rate 2.80 valid for 23 years from 1944 till early 1968

I have some GBP I would like to exchange if you are dealing at that price? Mine!

[ThaiPauly]

I need to transfer money for my retirement visa. 2 grand down now before Brexit!!

What you gonna do, just suck it up, no choice. I'm just lucky that I can afford to swallow it, I fear for those who will find it a bridge to far.

To say I am pissed off at my country's decision to leave the EU is absolute

[Naam]

best to use the rate 2.80 valid for 23 years from 1944 till early 1968

I have some GBP I would like to exchange if you are dealing at that price? Mine!

i'm willing to pay 3 dollars.