siampolee
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Post by siampolee on Apr 28, 2015 8:34:55 GMT 7
Mario Lanza here.
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Deleted
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Post by Deleted on Apr 28, 2015 12:52:20 GMT 7
I was thinkin'. If the Scottish nationalists and the Cornish nationalists got together, they could build a funicular railway between the two countries.
All kidding aside, I've wondered why we don't have more light railways throughout the country. There's still plenty of unused cuttings around the place which should be quite easy to put back into use using monorails.
I'll need to ask SC his thoughts on that, he's an expert in that field
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Post by Fletchsmile on Apr 29, 2015 15:02:33 GMT 7
Looks like many of you guys might be getting a few more baht for your pound to contribute to your leisure activities - for a while at least BOT's Monetary policy Committee have cut rates again by 0.25% to 1.5% today, which should weaken the baht a bit more bigmango.boards.net/thread/933/thai-mpc-cuts-interest-rates
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Post by thaiatheart on May 1, 2015 3:25:07 GMT 7
Looks like many of you guys might be getting a few more baht for your pound to contribute to your leisure activities - for a while at least BOT's Monetary policy Committee have cut rates again by 0.25% to 1.5% today, which should weaken the baht a bit more bigmango.boards.net/thread/933/thai-mpc-cuts-interest-ratesThey still have a trade surplus. This will reduce the baht a bit, but not much.
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Post by Fletchsmile on May 8, 2015 15:11:38 GMT 7
and for Brits whose money is in GBP it gets a little better.... My screen shows GBP/THB around 51.9 Still a long way from Easter Bunny country of 70, but that's two nice little cream eggs in two weeks, with the Thai MPC rate cut, and now a post election boost --------------- Pound Makes Biggest Gain Against Euro Since 2009 Bloomberg, 8 May 10.04 am The pound surged the most since 2009 versus the euro as U.K. election results suggested the Conservative Party would get the most seats, reducing the risk of drawn-out negotiations to form a government. The U.K. currency jumped 2.2 percent to 72.34 pence per euro at 4:03 a.m. London time. It rallied 1.6 percent to $1.5487. www.bloomberg.com/news/articles/2015-05-08/pound-rises-most-since-2009-versus-euro-on-u-k-election-results
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Post by Skywalker69 on May 8, 2015 15:38:44 GMT 7
Superrich exchange rate. GBP 51,60. Pridiyathorn: Baht may slide further."The depreciating baht could be weakened further by the Bank of Thailand's recent measures to relax curbs on movement of capital flows, says Deputy Prime Minister MR Pridiyathorn Devakula.
"These measures will create more balance between buying and selling. Now we have started to see [the baht] falling, but it could be weaker as the measures have just been announced," he said. The measures allow more opportunities for Thai investors to purchase or borrow a greater amount of foreign currencies, while the limit on buying or seeking loans offered in baht has been raised for foreigners, said MR Pridiyathorn"
www.bangkokpost.com/business/news/554867/pridiyathorn-baht-may-slide-further
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smokie36
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Post by smokie36 on May 9, 2015 1:50:14 GMT 7
A steady decline to 70 to the pound by next month and I might buy you a beer Fletch.
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The Arrow
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Post by The Arrow on May 11, 2015 21:40:56 GMT 7
A steady decline to 70 to the pound by next month and I might buy you a beer Fletch. A steady decline to 70 next month and I can <duck> this boring contract off, get home and buy a new truck. Think this is a long shot.
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smokie36
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Post by smokie36 on May 17, 2015 21:02:29 GMT 7
We hit 60 yet?
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smokie36
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Post by smokie36 on May 28, 2015 15:00:34 GMT 7
Running out of time Fletch....if you want to see a frothy head on your pint you'd better get your pals to go long or short or whatever the lingo is!
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Post by Fletchsmile on May 28, 2015 20:58:26 GMT 7
Sorry guys the pounds retracing its steps, as has been the Euro. Looks like an even longer wait.
How about a trade Smokie, I'll buy your first pint over here when you arrive, and you can buy me one back next time I visit that strange country you hail from? A cross currency beer commodity swap?
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smokie36
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Post by smokie36 on May 28, 2015 23:48:01 GMT 7
I was going to take 'er indoors to Hong Kong.
Maybe the weather will be nice in Samet hehehe....
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smokie36
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Post by smokie36 on May 28, 2015 23:48:56 GMT 7
Sorry guys the pounds retracing its steps, as has been the Euro. Looks like an even longer wait. How about a trade Smokie, I'll buy your first pint over here when you arrive, and you can buy me one back next time I visit that strange country you hail from? A cross currency beer commodity swap? You might have to finish work early for that !
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me
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Post by me on May 29, 2015 0:46:49 GMT 7
I was going to take 'er indoors to Hong Kong. Maybe the weather will be nice in Samet hehehe.... A few less shops anyway
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Post by Fletchsmile on Jun 8, 2015 19:53:04 GMT 7
Quick round up of last week for GBP and currencies. I'm sure MJP and Smokie will be too busy spending their GBP on their holidays to worry about exchange rates, and have better things to do, but you never know: ------------------------------------------ Euro gains despite Greek repayment problemsMon 08 June 2015 Highlights from last week: - Greece delays 5 June repayment to IMF - Bank of England keeps interest rates at 0.5% - US non-farm payroll employment surges Sterling/euro falls to lowest level since early May
The euro strengthened against a number of major currencies and pushed to lows of €1.3536 against the pound on Thursday. [ EUR weakening vs the pound? great news for Amsterdam holidaymakers - Fletch ]The single currency’s rise came on the back of renewed hopes of a bailout agreement between Greece and its creditors. However, this optimism again faded towards the end of the week, as Greece became the first country to defer a debt repayment to the International Monetary Fund (IMF) since the 1980s. The Athens government confirmed it would bundle all four of this month’s repayments into a single payment due on 30 June. In wider news, the latest euro zone data pointed to ongoing improvement in the region’s economic outlook. Consumer price inflation and retail sales both increased more than expected, whilst the unemployment rate dipped. Despite the continued positive signals, the European Central Bank President, Mario Draghi, confirmed the size and timing of the central bank’s quantitative easing stimulus measures will remain unchanged. ..... Bank of England keeps interest rates on hold
As expected, the UK central bank kept interest rates unchanged at 0.5%. Investors currently don’t expect rates to begin rising before 2016. The likelihood of a rise later this year diminished after survey data last week suggested the UK’s dominant service industry slowed sharply in May. This intimated some risk of the UK recovery’s bounce back from a weak first quarter being slower than thought. .... The week ahead
A further insight into the health of the UK economic recovery will be provided by manufacturing and industrial production data (Wednesday, 9.30am). The situation in Greece is likely to continue to be a key focal point for euro interests, with a second estimate of the euro zone’s first-quarter Gross Domestic Product growth (Tuesday, 10.00am) and industrial production data (Friday, 10.00am) headlining a relatively light economic calendar for euro zone releases. Important US releases include retail sales data (Thursday, 13.30pm), initial jobless claims data (Thursday, 13.30pm) and consumer confidence data (Friday, 15.00pm). Full article: www.hl.co.uk/investment-services/currency-service/latest-currency-report/latest-report?tab=latest_report&utm_source=Silverpop&utm_medium=email&utm_campaign=F1946%20-%20Euro%20gains%20despite%20Greek%20repayment%20problems%20(1)&utm_content=report%20button&theSource=ECURR&Override=1&sp_mid=48827484&sp_rid=ZmxldGNodGhhaTY4QHlhaG9vLmNvbQS2Edit: Oh and BTW still miles away from GBP/THB 70
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