Thai interest rates cut yesterday by 25 points

Can someone lend me 1000 Baht?

I'm hungry.

Just found this titbit

BoT, govt may have wrong inflation data www.bangkokpost.com/opinion/opinion/2885092/bot-govt-may-have-wrong-inflation-data

The USD is forecast to strengthen by year end, based on the certainty of the election results, most Thai forex commentators are suggesting a weaker baht at that time. Also, the US Fed is rethinking the speed and scale of interest rate cuts, which further points towards a weaker baht, if US rates are not cut as aggressively as previously thought. Others countries are thinking along similar lines, India for one. So maybe BOT doesn't cut in December because that would weaken THB perhaps too far and make imported oil more expensive. There are of course lots of wild cards floating around, not least of which is the rush to safe haven currencies in light of everyone trying to kill everyone else. gold is at a record high.

I'm planning on bringing some UK funds over but will wait until November to see what happens, before acting. If I can get 45, I think that's fair value, for me.

All well and good as it would seem and according to the experts the baht may well weaken to the benefit of the pound.

However there may well be a caveat in that presumed benefit in the exchange rate of the pound to the baht...

That caveat, or nemesis, is in the form of Rachel Reeves and her and the Labour governments October the 30th budget.

The track record of all Labour governments since W.W.2 has been one of eviscerating the pound sterling as well as the UK economy and its people.

U.K. citizens as well as worldwide U.K. expats we may well up soon having the one thing money can't buy. 'POVERTY...

Markets are telling us wonderful things, mostly that there's going to be a soft landing and the US will NOT go into a recession, whoopee!. A key indicator is bond market yields which I'll leave you to read about below but is frankly as boring as watching paint dry.

finance.yahoo.com/news/treasuries-plunge-1995-traders-see-154428389.html

The key point here is why markets are behaving that way, and I quote:

"Rising yields also reflect growing concern that the Republican Party could take control of both the White House and Congress in the Nov. 5 election, potentially boosting the federal deficit and inflation".

I don't know about anyone else but that quote scares the poo out of me, Trump in office, controlling both the Senate and Congress, Russia placated in Europe and tariffs on everything made in China. It just doesn't bare thinking about.

www.bloomberg.com/asia