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UK Pound

Featured Replies

Now I know they hate me. For the past few days the pound on mid rates started going up slowly and even went over 45.

One of my pension payments is due on Monday and it's starting to drop again.

Why do they hate me?

26 minutes ago, chickenslegs said:

Bank_foreign_currency_exchange_rates_-_Compare_currency_exchange_rates_across_banks_-_2017-05-12_22_31_30.png.07a224d66b1aa3289f72c3b6824192f0.png

 

Looks OK to me.

Short term indicators point to an "overbought" situation, with "momentum" failing. Correction in the making (worst case) or Consolidation (best case). Until next Monday, no major move expected.

Cheers.

46 minutes ago, swissie said:

Short term indicators point to an "overbought" situation, with "momentum" failing. Correction in the making (worst case) or Consolidation (best case). Until next Monday, no major move expected.

Cheers.

Stick to graph analysis you seem adept.

Like 50+ a bit and today 44.66 not a big different unless you get 1000's of £. :biggrin:

Op, think yourself lucky it's not still 42! Not much you can do, bar weather it out or repatriate. It will possibly go lower but GBP is way undervalued and will bounce back eventually (year or two)... unless you're of the sado dopey remoaner persuasion, in which case expect GBP-baht parity at any time.

It's not Pound strengthening at all, it's cyclical THB weakening that takes place every year in May - it's a short lived phenomena which is why one member posted recently that there is a window of opportunity (that will close before long).,

 

 

5 hours ago, daveAustin said:

Op, think yourself lucky it's not still 42! Not much you can do, bar weather it out or repatriate. It will possibly go lower but GBP is way undervalued and will bounce back eventually (year or two)... unless you're of the sado dopey remoaner persuasion, in which case expect GBP-baht parity at any time.

The markets don't quite agree with you:

 

https://www.bloomberg.com/news/articles/2017-05-12/pound-heads-for-weekly-decline-as-markets-skeptical-on-boe-hikes

  • 1 month later...
On 5/13/2017 at 9:46 PM, simoh1490 said:

It's not Pound strengthening at all, it's cyclical THB weakening that takes place every year in May -

Looked at the exchange rates against the Baht, and it seems to be May again.

On 5/13/2017 at 9:42 PM, daveAustin said:

... unless you're of the sado dopey remoaner persuasion, in which case expect GBP-baht parity at any time.

...to be swiftly followed by GBP-satang parity:shock1:

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