GBP vs THB

[HHTel]

I agree. I was just trying to explain why the pound/baht exchange rate hasn't sunk below the 43 baht to the pound in 2013. It is the weakness of the baht. Not just the sinking pound.

[StevePIraq]

Yes I understand, the world has gone to pot these days it is not just Brexit. I really feel for anyone who is on a fixed foreign income unless it is USD.
I have to continually monitor exchange rates
Oz$ down 19% since 2011
Euro down 12% since 2011
GBP down 29.31% since 2011
The only good one is the US$ up 10.9% since 2011.

Forgot to mention the South African Rand, this is the winner, down 48.89% since 2011

[barrys]

And what about the Swiss Franc?

[europtimiste]

StevePiraq, so you agree that not living in your country can be a reason not to be allowed to vote. If I agree with that kind of theory, I would also say that you should be striped of your nationality. Luckily I am not a roast beef, a citizen of a a EUROPEAN country. Happy to see the end of this Ununited Kingdom.............

[dtaai-maai]

^^ Go away, you silly little man. Find a forum where everyone snipes at everyone else, you'll be in paradise.

[StevePIraq]

And what about the Swiss Franc?

Swiss Franc almost the same as 2011 36.24 against 35.9 now

[PeteC]

Not really good news, but with the provision they are prepared to do something if things get too out of control. Pete

http://www.bangkokpost.com/business/fin ... x-unabated

[HHTel]

Here we go. With the dollar sinking and the pound sinking further, you'll get 44 to the pound at the banks and I see that dropping even further in the next week. Pound down to 1:29 dollars. Tighten that belt another notch!

[oakdale160]

Whatabout the boom-boom, that could depress the ratea penny or two

[HHTel]

May depress the Thai baht slightly but hardly noticeable which will improve the pound. Incidences such as this is just a drop in the ocean and unlikely to affect the exchange. The pound and the dollar was already sinking before these events and the rate now is pretty much the same as it was close of yesterday.

[buksida]

Pound tumbles to 31-year low as Brexit angst persists
The pound dropped to a three-decade low, as investor concern about Britain’s exit from the European Union welled up after Prime Minister Theresa May’s announcement that she would begin the process of leaving the bloc in the first quarter of 2017.

Sterling fell beyond its post-vote low and is down against 30 of its 31 major peers since Prime Minister Theresa May’s weekend announcement that Britain would trigger its exit from the European Union in the first quarter of 2017.

Declines have extended since Mrs May was said to refuse to prioritise the protection of the financial-services industry in negotiations with the EU.

“We have the market facing the reality that Brexit is about to begin and we could be faced with hard Brexit,” said Jane Foley, a senior currency strategist at Rabobank International in London.

http://www.bangkokpost.com/business/wor ... t-persists

[STEVE G]

A year ago, it was at 55 by to the pound, that's about a 20% drop. I have an offshore pension fund in pounds which is evaporating by the day, when I set it up some twenty years ago, the pound seemed a safe currency but that has been proved to be a foolish notion.

[StevePIraq]

Same with Oz Dollar which has also crashed, no one ever thought these currencies would go through such turmoil. Now if we have savings in these currencies it costs a lot to draw it out.

[StevePIraq]

Pound tumbles to 31-year low as Brexit angst persists
The pound dropped to a three-decade low, as investor concern about Britain’s exit from the European Union welled up after Prime Minister Theresa May’s announcement that she would begin the process of leaving the bloc in the first quarter of 2017.

Sterling fell beyond its post-vote low and is down against 30 of its 31 major peers since Prime Minister Theresa May’s weekend announcement that Britain would trigger its exit from the European Union in the first quarter of 2017.

Declines have extended since Mrs May was said to refuse to prioritise the protection of the financial-services industry in negotiations with the EU.

“We have the market facing the reality that Brexit is about to begin and we could be faced with hard Brexit,” said Jane Foley, a senior currency strategist at Rabobank International in London.

http://www.bangkokpost.com/business/wor ... t-persists

IMF eats humble pie, admits UK GDP will grow after all

The International Monetary Fund (IMF) has backtracked on its gloomy post-Brexit forecast for the UK, saying it is likely the country will be the fastest growing major economy in 2016.
Prior to the 23 June referendum, the IMF had claimed a potential Brexit would plunge the UK into recession and lead to a crash in the equities market.
While chances of a recession appear to be receding, the FTSE 100 capped an all-time high of 7,010 points on Tuesday (4 October).
In its latest update to the market, the IMF said it expects the UK economy to grow by 1.8% in 2016, marginally higher than its forecast of 1.7% in July.
The revision puts the country on track to be the fastest-growing G7 economy this year........
http://www.msn.com/en-gb/money/news/imf ... spartandhp

[dundrillin]

Currencies fluctuate. But on the bright side the stock markets are doing very well (ah, but they they flutucuate as well)