smokie36
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Post by smokie36 on Apr 4, 2015 20:24:26 GMT 7
Sob Sob.....OK I'll take 60.....
Naam where are you?
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The Arrow
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Post by The Arrow on Apr 4, 2015 20:51:41 GMT 7
42-46 range is next up I reckon. Depends on the UK general election.
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Deleted
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Post by Deleted on Apr 4, 2015 21:13:33 GMT 7
The UK election will be such a mess that uncertainty will linger for quite a while afterwards...probably due to a minority government in place. So the pound will bump along at just over 40, and Thailand will be awash with impoverished Brits crying into their Chang (probably to water it down and make it last longer) whilst muttering their favorite mantra "It used to be 70, it used to be 70". Could be worse.....you coulda had the Euro....
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siampolee
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Post by siampolee on Apr 5, 2015 10:32:21 GMT 7
The way things are at the moment on the political stage in the U.K. certainly for a time after the election I reckon we'll be lucky if we do see 40 B to the pound.
I also have feeling whatever government is in place it will be short lived due to financial and I fear civil disturbances.
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The Arrow
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Post by The Arrow on Apr 5, 2015 10:35:16 GMT 7
I can't believe they've managed to keep the plates spinning as long as they have in the UK. Something's got to give.
I guess the Tories being in has staved off bankruptcy so far, but another bout of Labour (and Balls) and I reckon it's curtains for the place.
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ATF
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Post by ATF on Apr 5, 2015 10:38:28 GMT 7
GBP's next stop is $1.43 it should rise from there can't see it going much lower. Since the Baht is not freely traded there is inconsistencies between the offshore and onshore rates. To answer your question you'll be very lucky to see GBP above 50 Baht anytime soon.
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The Arrow
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Post by The Arrow on Apr 5, 2015 10:41:08 GMT 7
I know this will come as a shock, but I'd sooner see a weak Pound because without it the UK economy has no chance of rebalancing away from BS and back towards manufacturing export. Without an economy it's all shot to bits in any case, no pensions could be paid, so doesn't matter what the forex rate is.
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ATF
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Post by ATF on Apr 5, 2015 10:50:32 GMT 7
Most currencies are down around 25% against the USD the Baht is one of the exceptions because it's not freely traded and the economy is in good shape. Hey wages haven't risen much since 1997 except the minimum wage but most people were getting more than minimum anyway. If you're on a pension it's bad news but cut down on your spending until after the UK election and see where it goes from there.
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SirToad
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Post by SirToad on Apr 5, 2015 11:07:19 GMT 7
The days of the 70 baht to the pound are long gone. As I'm not reliant on Sterling as my main income source it's not a problem, and it means holidays back there are cheap.
Years ago I rember talkng about the shock of it when it dropped to 60, but as fletchsmile warned me then it was heading to 49
As for the election, think it will be a Tory led coalition again
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ATF
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Post by ATF on Apr 5, 2015 11:14:14 GMT 7
I don't keep up to date with the UK but do you think UKIP will get a good showing? If they do they want to take the UK out of Europe I understand.
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The Arrow
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Post by The Arrow on Apr 5, 2015 11:16:05 GMT 7
I think a Tory/UKIP coalition is on the cards. Not necessarily a bad thing.
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Post by rgs2001uk on Apr 5, 2015 14:34:10 GMT 7
I know this will come as a shock, but I'd sooner see a weak Pound because without it the UK economy has no chance of rebalancing away from BS and back towards manufacturing export. Without an economy it's all shot to bits in any case, no pensions could be paid, so doesn't matter what the forex rate is. The UK economy went to shyt years ago when they decided to make it a 'service' based economy, and we all the know the outcome of that, Gov't bail outs for dodgy banks and their even dodgier financial services. Pensions will be paid by either turning on the printing presses or borrowing more money. For people in the UK it makes no difference what the exchange rate is, a pound is still a pound. |
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The Arrow
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Post by The Arrow on Apr 5, 2015 14:38:05 GMT 7
It's really cheap here at the moment if you subtract housing and the cost of government.
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smokie36
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Post by smokie36 on Apr 5, 2015 22:06:40 GMT 7
Since I started evading my tax its got cheaper.....whats that?....ohhh shhhtoom....whatever that means  . Seriously though....make it 70 again and I will buy you all a beer....how fair is that? |
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The Arrow
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Post by The Arrow on Apr 5, 2015 22:08:11 GMT 7
I don't think you'll be ringing that bell this side on next century Smokes.
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Jan 4, 2023 21:15:53 GMT 7
Jan 4, 2023 21:15:53 GMT 7
