October 10, 20169 yr The pound continues to take a pounding. SCB is now offering 42.984 for telex/electronic transfer rate. Looks like many are dumpign GBP for USD, which is now 35b. Where is the next major support level for GBP?
October 10, 20169 yr This could be a very temporary phenomenon for the Pound because if Italy votes in the referendum against the Euro, Prime Minister Matteo Renzi in two months time he has then promised to resign just like David Cameron did. If he resigns according to Italian polls the anti-euro, populist Five Star Movement will almost certainly come to power and they have promised to quickly hold another referendum on whether Italy should leave the euro and go back to its old currency, the lira. (Not in the slightest bit surprising when you read in the article below about the tragic circumstances which led to 67 year-old retired Italian Antonio Bedin committing suicide) If Italy—the third-largest member of the eurozone—leaves the Eurozone, it will have the psychological effect of someone yelling “Fire!” in a crowded theater. Other countries will quickly head for the exit, and also return to their national currencies. http://www.internationalman.com/articles/heres-where-the-next-bank-deposit-bail-in-will-strike Edited October 10, 20169 yr by Asiantravel
October 10, 20169 yr Author GBP continues to drop like a rock. At SCB, TT rate is 42.8875 and notes are 42.385. Will it breach 40 before Christmas?
October 10, 20169 yr You should try Super Rich or Vasu for physical currency exchange. 43.7 or 43.8 at the minute. On the other hand, if you like posting about low rates I'll give you 20 baht to the pound.
October 10, 20169 yr Great for me, I'm going back to the UK. But rest assured the pound will come back strong. Europe is collapsing and Deutsche Bank is bankrupt. All these leftist retard leaders will be gone next year. So for the people of Europe things will improve as the dictatorship EU is finally crushed.
October 11, 20169 yr Hang in there, is will rebound....in the meantime....I'm stocking up for the long haul....??
October 11, 20169 yr 4 minutes ago, chicowoodduck said: Hang in there, is will rebound....in the meantime....I'm stocking up for the long haul....?? Could you please give me your address? I need to talk to you about something.
October 11, 20169 yr 8 hours ago, blackcab said: You should try Super Rich or Vasu for physical currency exchange. 43.7 or 43.8 at the minute. On the other hand, if you like posting about low rates I'll give you 20 baht to the pound. Don't see how that can be. Mid market price is not even that.
October 11, 20169 yr http://www.x-rates.com/table/?from=THB&amount=1.00 http://www.x-rates.com/graph/?from=GBP&to=THB&amount=1 Edited October 11, 20169 yr by Farang99
October 11, 20169 yr 9 hours ago, TommyUK1960 said: Great for me, I'm going back to the UK. But rest assured the pound will come back strong. Europe is collapsing and Deutsche Bank is bankrupt. All these leftist retard leaders will be gone next year. So for the people of Europe things will improve as the dictatorship EU is finally crushed. True and the remoaniacs will be still moaning!
October 11, 20169 yr 2 hours ago, Cyclone88 said: Don't see how that can be. Mid market price is not even that. Do you mean the Super Rich price or my fantastic offer?
October 11, 20169 yr Most "experts" were predicting 1.20 to the USD at year end. Guess that may come little early thanks to the numpties May and Rudd and their ill thought out comments. The pound was trading 1.30 to 1.35, then dropped to 1.25 to 1.30 and now seems likely to be in the range 1.20 to 1.25. Oanda shows it at 1.23975 at the moment and ThB at 43.4033. I usually get about .25 to .35 less than the Oanda rate when exchanging. The question for sterling is will the trading range drop below 1.20 and will the range keep moving south? No idea, but hope that it will stop soon. The other questions are will the Fed increase rates soon, the outcome of the POTUS election - seems the media are predicting Clinton to win but they all predicted the UK would remain and Scotland would be independent! And of cause the Euro. Deutsche Bank is in an appalling state, Greece remain very fragile and a potential powder keg whilst the Italian referendum could be interesting. No doubt the EU mandarins were hope Britain would remain and help paper over the cracks. If Italy drops the Euro, expect others to rapidly follow and real turmoil to ensure. The "ever closer union" could soon unravel. That would hit the financial markets and gawd knows how the forex traders would react. Those with dollars, who ignored all the doomsday forecasters, must be smiling now!
October 11, 20169 yr 4 hours ago, gjoo888 said: Could you please give me your address? I need to talk to you about something. My conversation is certainly more urgent then yours,,,
October 11, 20169 yr 23 minutes ago, Baerboxer said: Most "experts" were predicting 1.20 to the USD at year end. Guess that may come little early thanks to the numpties May and Rudd and their ill thought out comments. The pound was trading 1.30 to 1.35, then dropped to 1.25 to 1.30 and now seems likely to be in the range 1.20 to 1.25. Oanda shows it at 1.23975 at the moment and ThB at 43.4033. I usually get about .25 to .35 less than the Oanda rate when exchanging. The question for sterling is will the trading range drop below 1.20 and will the range keep moving south? No idea, but hope that it will stop soon. The other questions are will the Fed increase rates soon, the outcome of the POTUS election - seems the media are predicting Clinton to win but they all predicted the UK would remain and Scotland would be independent! And of cause the Euro. Deutsche Bank is in an appalling state, Greece remain very fragile and a potential powder keg whilst the Italian referendum could be interesting. No doubt the EU mandarins were hope Britain would remain and help paper over the cracks. If Italy drops the Euro, expect others to rapidly follow and real turmoil to ensure. The "ever closer union" could soon unravel. That would hit the financial markets and gawd knows how the forex traders would react. Those with dollars, who ignored all the doomsday forecasters, must be smiling now! I think you're right about most of your points. I would say that the unravelling of the EU as a whole will be a disaster but temporarily. The only question is when it does crash down how long to rebuild it all again and for each country to recover? Could be we almost write of this generation for EU prosperity but for the kids it will be better then an ineffective Union that doesn't seem to do any good for anyone.
October 11, 20169 yr 57 minutes ago, GAZZPA said: I think you're right about most of your points. I would say that the unravelling of the EU as a whole will be a disaster but temporarily. The only question is when it does crash down how long to rebuild it all again and for each country to recover? Could be we almost write of this generation for EU prosperity but for the kids it will be better then an ineffective Union that doesn't seem to do any good for anyone. I voted to remain. But as part of a EU Common Market. Not for a federal ever closer centrally controlled bureaucracy. I thought better to fight from the inside. My 20 year old daughter voted for Brexit. She believes like you that it will implode and unravel. To me the issue was always about not allowing the federalists to simply take over and create something that could never be democratically challenged or changes. Now it seems they may have gone to far, assumed to much and will cause their own downfall. The peace the EU helped keep in Europe is already being undermined. And Germany's idea of an EU army won't help that at all. I read that if the Italians don't back the Euro Renzzi is threatening to resign like dodgy Dave did. If both happen and the nationalists gain power they've already promised a second referendum on EU membership. If Italy leave the Euro and the EU the whole lot could come crashing down. Watch out from some anti British rhetoric from the EU clowns now to try and scare the Italians.
October 11, 20169 yr 21 minutes ago, Baerboxer said: I voted to remain. But as part of a EU Common Market. Not for a federal ever closer centrally controlled bureaucracy. I thought better to fight from the inside. My 20 year old daughter voted for Brexit. She believes like you that it will implode and unravel. To me the issue was always about not allowing the federalists to simply take over and create something that could never be democratically challenged or changes. Now it seems they may have gone to far, assumed to much and will cause their own downfall. The peace the EU helped keep in Europe is already being undermined. And Germany's idea of an EU army won't help that at all. I read that if the Italians don't back the Euro Renzzi is threatening to resign like dodgy Dave did. If both happen and the nationalists gain power they've already promised a second referendum on EU membership. If Italy leave the Euro and the EU the whole lot could come crashing down. Watch out from some anti British rhetoric from the EU clowns now to try and scare the Italians. There are pretty strong arguments for and against. i actually changed my mind, initially thinking Britain should stay and then changed to get out. Pretty much for the reasons you stated. I too am all for an EU free market but the fact is it is moving towards a federal state, controlled primarily by Germany and with each countries laws pretty rapidly being governed by the EU. Free trade whilst retaining individual identity and control of your own country is the way to go. I dont see it undermining peace to be honest, I just see economic instability for a long time to come. I suspect the EU as we know it today will unravel, can't see it uniting. The only solution the EU seem to have for uniting everyone is more EU central control which is exactly what many countries do not want. Anyway, we will all only really know the outcome over time.
October 11, 20169 yr This is just one step back, hopefully we will expect two steps forward as soon as next year.
October 11, 20169 yr The US Fed will most likely raise their rate in December. That will further strengthen the US dollar, not a good thing for the rest of the world particularly developing countries. Europe is in deep trouble. Some see it, though I am not in full agreement, as a "clear and present danger to the global economy". The European Central Bank has been unable to stimulate inflation and are facing deflation pressure across the zone. Their low interest rate plans are becoming increasingly less effective. Some European governments are looking to fiscal spending to solve the problem that the ECB can't solve through interest rates. It's just too little too late. The real structural problems behind these ultra low rates and low growth are demographic shifts, high and unsustainable debt, rising inequality, long-term structural unemployment and underemployment, and disruptive shifts in technology. There are ways to make money on any currency fluctuation down or up but not without living with the risk. I also think that the GPB may rebound yet once the government puts forward a coherent exit plan that includes how they will work with the rest of Europe going forward. However, I think that betting on the future sorting itself out and being all rosey again is delusional. The UK has many (all?) of the same structural problems as Europe. They also trade heavily with Europe which almost guarantees that Europe will be exporting its deflation to the UK. Finally, none of this bodes well for the integrity of the pension plans many rely on (pension plans need decent returns to fund their payments - low growth and inflation will keep returns low). You can dismiss all of this if you like. It's just my most likely case planning assumption. Do consider as part of your future plan, were this scenario to unfold, what you would do.
October 11, 20169 yr 1 hour ago, chilli42 said: The US Fed will most likely raise their rate in December. That will further strengthen the US dollar, not a good thing for the rest of the world particularly developing countries. Europe is in deep trouble. Some see it, though I am not in full agreement, as a "clear and present danger to the global economy". The European Central Bank has been unable to stimulate inflation and are facing deflation pressure across the zone. Their low interest rate plans are becoming increasingly less effective. Some European governments are looking to fiscal spending to solve the problem that the ECB can't solve through interest rates. It's just too little too late. The real structural problems behind these ultra low rates and low growth are demographic shifts, high and unsustainable debt, rising inequality, long-term structural unemployment and underemployment, and disruptive shifts in technology. There are ways to make money on any currency fluctuation down or up but not without living with the risk. I also think that the GPB may rebound yet once the government puts forward a coherent exit plan that includes how they will work with the rest of Europe going forward. However, I think that betting on the future sorting itself out and being all rosey again is delusional. The UK has many (all?) of the same structural problems as Europe. They also trade heavily with Europe which almost guarantees that Europe will be exporting its deflation to the UK. Finally, none of this bodes well for the integrity of the pension plans many rely on (pension plans need decent returns to fund their payments - low growth and inflation will keep returns low). You can dismiss all of this if you like. It's just my most likely case planning assumption. Do consider as part of your future plan, were this scenario to unfold, what you would do. " The US Fed will most likely raise their rate in December " Another person who has drank the Janet Yellen Kool-Aid
October 11, 20169 yr 41 minutes ago, Asiantravel said: " The US Fed will most likely raise their rate in December " Another person who has drank the Janet Yellen Kool-Aid 41 minutes ago, Asiantravel said: " The US Fed will most likely raise their rate in December " Another person who has drank the Janet Yellen Kool-Aid OK lets see come December whose guess was better. Though if they can convince themselves that the recent jobs report was good they will believe anything.
October 11, 20169 yr Author In the last 10 days USD $100 notes cash have gone from 34.43 to 35.22 THB, the rate in Bangkok today at Super Rich. Dump the GBP and stock-up on those Benjamins or THB! Looks like the USD could see 36 or 37 THB before year-end.
October 11, 20169 yr 2 hours ago, chilli42 said: OK lets see come December whose guess was better. Though if they can convince themselves that the recent jobs report was good they will believe anything. okay yes we will see! the Fed are nothing but a bunch of con artists and there seems to be far more commentators now actually talking about the possibility of NEGATIVE interest rates in USA
October 12, 20169 yr On 10/11/2016 at 0:30 AM, TommyUK1960 said: Great for me, I'm going back to the UK. But rest assured the pound will come back strong. Europe is collapsing and Deutsche Bank is bankrupt. All these leftist retard leaders will be gone next year. So for the people of Europe things will improve as the dictatorship EU is finally crushed. not only the collapsing €UR and Deutsche Bank's bankruptcy will supercharge Sterling. the main reason is that in the Bank of England the Scottish delicacy Haggis will be produced and exported, payment only in gold Guineas which will be used as underlying value for Sterling.
October 12, 20169 yr I would rather have Pounds than Euros. When Italy and the Netherlands leave the EUSSR and Deutsche Bank goes bust the only use for Euros will be toilet paper.
October 13, 20169 yr I'm not sure why everyone from the UK thinks UK politicians are better, wiser and more able than say, German ones. I think a case could be made that over the last 50 years Germany has become richer, more influential, more socially egalitarian, has a better health and education system than the UK, and has coped with a huge financial problem (re-unification) that the UK never had to cope with, and still come out ahead. If I had to choose between the UK being run like the UK, or the UK being run like Germany I would choose er hmmm well it's not straightforward is it.... I don't really care whether a plumber called Hans or a plumber called Bert gets the job of fixing up my bathroom as long as they get paid fairly. I guess I'm a citizen of nowhere now as Mrs May has suggested.
October 13, 20169 yr Please observe the header at the top of the page: THAIVISA ANNOUNCEMENT: Discussions regarding the Royal Family 10/12/2016 Members are asked not to make posts or topics that make any speculation regarding the health of any member of the Thai Royal Family Posts have been removed.
October 13, 20169 yr Author On 10/11/2016 at 5:50 PM, Banana7 said: In the last 10 days USD $100 notes cash have gone from 34.43 to 35.22 THB, the rate in Bangkok today at Super Rich. Dump the GBP and stock-up on those Benjamins or THB! Looks like the USD could see 36 or 37 THB before year-end. 35.63 baht for the USD Benjamin notes at Super Rich this afternoon. In the last 2 weeks, USD is up more than 1 baht per dollar. Dump those GBPs and get into the USD. You can always go back later when the USD tops-out and the GBP bottoms out.
October 17, 20169 yr Investor Jim Rogers says there are "serious problems facing the UK" and that the pound's value will "certainly go under one dollar" if Scotland leaves the UK. He told the BBC's Mark Mardell, "You've got a lot of debt, you've got a serious balance of trade problem which shows no signs of being corrected. I don't see anything to make sterling go up." http://www.bbc.co.uk/news/business-37659503
October 17, 20169 yr 1 minute ago, DUS said: Investor Jim Rogers says there are "serious problems facing the UK" and that the pound's value will "certainly go under one dollar" if Scotland leaves the UK. He told the BBC's Mark Mardell, "You've got a lot of debt, you've got a serious balance of trade problem which shows no signs of being corrected. I don't see anything to make sterling go up." http://www.bbc.co.uk/news/business-37659503 Diffrent takes from diffrent people investor Jim Rogers has probably got a vested intrests in seeing the pound slide so he will say anything to spread the gloom but it's irrelevant as Scotland will not leave the UK.
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