UK pound plunges as referendum results point to EU exit

[neverdie]

http://twitter.com/frodofied/status/746323425711521793/photo/1

Priceless.

[dick dasterdly]

Sterling/baht was down to 46.1 (SCB TT rate), but has now increased to 48.7.

It will be interesting to see whether this changes once the European markets open.

[Orac]

Sterling/baht was down to 46.1 (SCB TT rate), but has now increased to 48.7.

It will be interesting to see whether this changes once the European markets open.

I can only see 46.45 from SCB at the moment - think you may have the wrong column.

http://www.scb.co.th/scb_api/index.jsp

[Dagnabbit]

Ignore these indicators, all a symptom of speculation and market uncertainties. Just have a cup of tea, it will all be OK.

In a couple of days when they realise the sky isn't falling

well it is 3 days and the sky isnt falling but the pound still is

wanna have another guess? ;-)

Barclay, RBS, Easy jet all sunk 30% today. At which point you concider the sky is falling?

That is a buying opportunity.

I brought Whitbread and Associated British Foods yesterday at great prices.

I would like to see another 4-5 days of selling off to grab more bargains.

[MissAndry]

Still says 47 on XE.

[dick dasterdly]

Sterling/baht was down to 46.1 (SCB TT rate), but has now increased to 48.7.

It will be interesting to see whether this changes once the European markets open.

I can only see 46.45 from SCB at the moment - think you may have the wrong column.

http://www.scb.co.th/scb_api/index.jsp

Oops, you're right! I wondered why it had gone up so much (embarrassed)....

[neverdie]

Sterling/baht was down to 46.1 (SCB TT rate), but has now increased to 48.7.

It will be interesting to see whether this changes once the European markets open.

I can only see 46.45 from SCB at the moment - think you may have the wrong column.

http://www.scb.co.th/scb_api/index.jsp

Oops, you're right! I wondered why it had gone up so much (embarrassed)....

y

Easy mistake to make. I've given myself a little woodie, several times over the years.

[Basil B]

Thankfully I had move much of my pension pot to non UK and EU funds...

[SgtRock]

European stock markets are rallying at the start of trading after two days of big falls. In London, the FTSE 100 has jumped by 125 points, or about 2%, to 6,109 – recovering some of yesterday’s losses.

Every share has risen, led by builders, who endured the brunt of the Brexit backlash. The French and German stock markets are also up by about 2% this morning, matching the recovery in London.

The shakers and bakers have made their money over the last 2 trading days.

Just crossed over 47

XE.com - GBP_THB Chart.html

Edited June 28, 2016 by SgtRock

[Mark123456]

A British retiree who started living here 10 years ago would have seen (and felt) the direction the currency was headed and would have (or should have) made contingency plans

Furthermore, to have made irreversible plans solely on the basis of a pension income is foolish, to say the least.

For those that took the second option of having Thb 800k in the bank, presumably they would have a source of income for day to day living as well. If this happens to be the British pension, then a 10% reduction is easy to deal with - just cut back on some items.

tell me oh learned guru what direction of GBP/THB you would have felt during the last 7 years

GBPTHB.png

Whenever somebody starts talking about predicting the direction of currency movements you know they were never a trader, or certainly not a successful one.

[MJP]

http://twitter.com/frodofied/status/746323425711521793/photo/1

Priceless.

But they want an Australian style points based immigration system.

[donnybay]

Stock markets up all over Europe, so much for doom mongers, in the long run the UK has made the best decision, its Euro zone that needs downgrading

[Gweiloman]

A British retiree who started living here 10 years ago would have seen (and felt) the direction the currency was headed and would have (or should have) made contingency plans

Furthermore, to have made irreversible plans solely on the basis of a pension income is foolish, to say the least.

For those that took the second option of having Thb 800k in the bank, presumably they would have a source of income for day to day living as well. If this happens to be the British pension, then a 10% reduction is easy to deal with - just cut back on some items.

tell me oh learned guru what direction of GBP/THB you would have felt during the last 7 years

GBPTHB.png

Whenever somebody starts talking about predicting the direction of currency movements you know they were never a trader, or certainly not a successful one.

Nobody can ever predict the direction of currency movements. But if one is a retiree and relying on pension income to survive, it would only be prudent to monitor and prepare

Edited June 28, 2016 by Gweiloman

[Guest]

"BREAKING: Richard Branson tells @GMB 'We've lost a third of our value - and we've cancelled a deal worth 3,000 jobs' #Brexit"

[JAS21]

"BREAKING: Richard Branson tells @GMB 'We've lost a third of our value - and we've cancelled a deal worth 3,000 jobs' #Brexit"

Tell him not to worry he still can play in his island ...

[MJP]

Turns out the Chairman of our firm voted Leave. He's worth about £500m. One of our clients (one of Europe's biggest firms) is overjoyed at the result and will be investing much more in the UK due to Brexit.

[Jingthing]

"You idiots," says Stephen Colbert:

Edited June 28, 2016 by Jingthing

[MJP]

"You idiots," says Stephen Colbert:

Watch this, then tell me we were wrong . . .

[ilostmypassword]

"You idiots," says Stephen Colbert:

Watch this, then tell me we were wrong . . .

I just read the introductory text..."In 1972 the British Prime Minister (child killer and Paedophille) Edward Heath.." and that told me all I needed to know about the value of that video.

[kingalfred]

Colbert is comedian. Using that joker as some sort of argument is pathetic

[xylophone]

This will help explain things..............

https://m.youtube.com/watch?v=EkpS-yBj7gY&sns=em