GBP vs THB

[caller]

I feel that one of the problems is that the present government has delayed making the cutbacks required to reduce the budget deficit in the believe that it would be someone elses problem after the election.

Thats pretty much what the Governor of the BOE is implying and I share your view. I work for Local Govt, now the (alleged) most efficient area of Govt. and 'efficiency' savings already set by this Govt. have been far exceeded, not by ministers or their aides coming up with any solutions, but by buying in the right expertise, which they then get criticised for - more electioneering and exposed by the beeb in a recent survey (and I know that not all LA's are sooper-dooper).

However, approx. 3000 local Government employees have gone already and the real chop starts slowly from April 2010 and gathers momentum until the big whammy arrives in April 2011, then it may tail off but more cuts in staffing numbers and services will happen.

The beeb just reported on this and if the figures they have are repeated across all of Local Govt thats about 180,000 jobs, then there's the NHS, Central Govt. and the rest.

Browns reaction to the Beebs survey, "he didn't agree with the figures" - kind of limp eh? He is lying and he is nothing more than a paranoid psychotic.

Will that affect the Baht rate? Dunno, but it will sure affect the spending power of many thousands.

[redzonerocker]

. . . .and once again it will be the conservative party putting the economics in order.

YOU CANNOT BE SERIOUS!!!

what exactly are you basing that on?

don't mention the past tory government, all they did was sell up & privatise everything when the coffers dried up there isn't anything left to flog now
the tory boom & bust politics aren't an option any more.

as for the inexperience of cameron,osborne & the other non entities at the helm , now that's scary
no wonder the money markets are trembling

as for the tory years under that wicked witch thatcher & that mind numbingly boring major, they were probably the most depressing, bleak & miserable years of modern times for the majority of the population

[caller]

Came out of the Trafalger pub in the Kings Road once, I was with a few mates and we were young. Whoever was driving had parked at the bottom of Flood Street, which is almost opposite the pub. On the way, we had to pass Thatchers House, I think it was No.14 Flood St? (This was before she was pm). There were no lights on in the house and one of my mates, who was ever so slightly inebriated, well we all were really, decided to ignore the Police security parked outside and have a lash in her front garden. He did as well. We expected all hell to break loose, but we were allowed on our way.

As this threads gone so far off-topic, I thought I might as well share this little gem with you!

I quite enjoyed the 80's!

Boom and Bust at an end, eh? Hmm, we seem to be in a bust now, are we not?

[redzonerocker]

as this threads gone so far off-topic

just a little bit

Boom and Bust at an end, eh? Hmm, we seem to be in a bust now, are we not?

we certainly seem to be
but to be fair, up until 2 years ago, we did have a pretty good run of 15 years without a real bust
& to be fair, it's not been just a uk recession this time either.


so . . . . back to the topic of the £/baht currency rates & excuse our political diversions

[komfortablynumb]

it seems to me the money people are gambling on a hung parliament.
Now by money people i mean the banks.
The very people that got us into this mess.
The RBS is in debt to £3000 per taxpayer in the UK.

I was thinking if we all sent them a letter telling them they were overdrawn.
And charged them £35 each.
We may get some of our money back.

[pharvey]

Fairly depressing nose-dive....... ideally timed for my trip next month of course.

[Spitfire]

As Big Boy and others have mentioned, we've seen the baht this low and lower in the past. Problem now is the price of everything though inflation. Even in Korat or Nakhon nowhere in Isaan/the north or anywhere the price of a large Singha can easily go over 90-100 baht in a bar/restaurant, places like HH are worse, in some you even have problems buying a big bottle, period. Gone are the days of getting pissed for 200 baht, big meal for 100 or 10-12 baht a liter of petrol. Excgange rate wasn't as much of a headache then, even if lower, now has much more impact. We are certainly not getting our 'bang for buck' as we used to, to steal a US phrase. That last one is applicable for whichever connotation it is given.

[nevets]

When i came here in 1997 it was great more than 80bht to the pound i think it was . Of course Asia was having its own problem then and we benefited at that time it seems Thailand is getting its own back .

[STEVE G]

It is all pretty gloomy at the moment; I put off building a small house in Hua Hin last year due to the low exchange rate.
Towards the end of last year I began to accept the idea of 55 bt to the pound and worked seven days a week for the last couple of months to make up the loss only for the pound to crash again.
I wont be building below 55 as I can't work eight days a week!

[Khundon1975]

"From 1994 onwards, labour existed only to win elections, so they mortgaged our nation's future to buy your votes. Now everyone is paying the bill"

Not my words but the words of Sir John Major.

Lets see what sort of tax rises and other cuts pop out of the woodwork, when Brown gets your votes. I'm putting my hard hat on for that day.

Every Labour government over the last few decades, left us deep in the s+++ knowing they did not have to care, as they knew they were going to lose the election and the same may happen with this government.

Years in government and look at the state of the economy now! OK, many of the Worlds economies are in the s+++ but many in Europe are now coming out of it, albeit slowly, with the UK just and I say just starting to show a tiny amount of growth. It will take a good ten years for us to get anywhere near a stable economy again.

I'm not saying the Conservatives are any better, as they too have had their moments. However, I believe, rightly or wrongly, that what is needed is a change of government now, to encourage outside investment and to stabilize the GB pound.
Brown has an horrendous record over the last few years, I'm all for giving someone else a go at it, what do we have to lose?

Cameron has not given us many clues on what he will do if he gets into power, maybe because he has not had access to the "Red Book" and won't, until he gets into no 10. I guess he is thinking the countries finances are in a worse state than Brown has been telling us. We will have to wait and see on that one.

I cannot see the GBP going higher and would not be surprised to see 45 to the pound soon. I pray for all you there, that I am wrong.

The weak pound has hit tourism and also the house market there quite hard, not to mention all the expats living off a pension.

The wife has just come back from a business trip/holiday and after discussing the situation, we have decided that the properties she bought on that trip and were purchased out of funds we sent over in 2000/01 at 76, will be the last for a while. Unless she happens to find anything that is sensibly priced, then we will buy in the UK or Italy for the foreseeable future, where the property market prices have stalled slightly.

The days of Lots of bang for your buck or our GBP in Thailand are long gone and I don't expect to see the good times back, any time soon.

[JimmyGreaves]

New 52 Week low

52 Week High = 57.72400

52 Week Low = 48.54610


Fridays Close = 48.50960


Trouble at Mill

[sargeant]

I watched a programme on TV BBC or France 24 about a fall in sterling due to the possibility of a hung parliament some said it would some said it was already calculated in etc

HUNG parliament what abaht ere then

[HuntingTigers]

Fairly depressing nose-dive....... ideally timed for my trip next month of course.

You are not alone pharvey, I arrive on the 7th April. HT.

[miked]

Planet Rock wrote,

as for the inexperience of cameron,osborne & the other non entities at the helm , now that's scary
no wonder the money markets are trembling



the money markets are trembling not because of Cameron or Osborne but the chance that Brown could be voted back in. that's scary. thank God for the IMF.
Brown is in complete denial regarding U.K debt. if he retains power he will print even more money and cause the pound to fall even further, or collapse altogether.
miked

[Randy Cornhole]

I sent some money last week and got a 46.5 exchange rate.