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The pound is on the up

JASONTHAI · 72 · 3143

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Offline JASONTHAI

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Been keeping a close eye since TM said there would be a general election on the 8th June, the pound as I write this is 44.60, how high do you think it could go ?


Online Roger

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Jason. I use xe.com and it shows B44.65 £1. Thanks for the alert !
Earlier today I looked and £ had crept to B44.20
That's fantastic IF it holds.
How high ? I'd like to think over the next 6 months, £ can make B46 with the UK elections done and Brexit underway ! Maybe back to around B50 next year.
But if I knew what I was talking about I wouldn't be sitting here. I'd be rich !
''If you can't explain it simply, you don't understand it well enough'' - Albert Einstein


Offline Alfie

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If the Bank of England raises interest rate, or hints that it will, the pound will rise further. The ECB kept theirs on hold today. That said, apparently the latest rise in the value of the pound has all been about the election on June 8 and the likelihood that the Tories will gain many more seats, so watch the polls between now and then as they could affect the pound - Tories strong, pound strong; Tories weak, pound weak. 
« Last Edit: April 28, 2017, 05:25:17 PM by Alfie »


Online Teessider

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A year ago the rate was 51 bt, tories have devalued the £ by 20%
Men never commit evil so fully and joyfully as when they do it for religious convictions.
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Online jivvy

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Brexit  devalued the pound!!!
« Last Edit: April 28, 2017, 09:11:57 AM by jivvy »
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Offline Anton

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Online Roger

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All said and done, B46 was the rate 7 years ago and xe.com is showing B44.8 atm.
Its seems to be holding around that for now.
But last year it was touching B55 which was nice !

I don't think Brexit devalued the Euro - maybe the Euro did that.
''If you can't explain it simply, you don't understand it well enough'' - Albert Einstein


Online Robert

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Hmmm ....

In the good old days (2008) 1 pound was good for Thb 71 while I would get Thb 51 for my Euro. Difference now not so big between pound and if you take into consideration that the Euro moved closer to the dollar. IMHO Brexit indeed lowered the pound more.


Online Roger

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Hi Robert. I'd heard about the good ole' days at B71 but I didn't realise that was just 2008. I missed that when I arrived in 2010 getting just B46 then I think.
''If you can't explain it simply, you don't understand it well enough'' - Albert Einstein


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Offline nookiebear

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Hmmm ....

In the good old days (2008) 1 pound was good for Thb 71 while I would get Thb 51 for my Euro. Difference now not so big between pound and if you take into consideration that the Euro moved closer to the dollar. IMHO Brexit indeed lowered the pound more.
In the good old days through the 80's the pound was 34 baht hardly ever moved
Check out my website @ www.nookiesdelights.3baht.net


Offline JASONTHAI

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Hmmm ....

In the good old days (2008) 1 pound was good for Thb 71 while I would get Thb 51 for my Euro. Difference now not so big between pound and if you take into consideration that the Euro moved closer to the dollar. IMHO Brexit indeed lowered the pound more.
In the good old days through the 80's the pound was 34 baht hardly ever moved

And how much was beer and cigs a lot cheaper than now so you still have more buying power than now when it was 34 Baht


Online Robert

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Hmmm ....

In the good old days (2008) 1 pound was good for Thb 71 while I would get Thb 51 for my Euro. Difference now not so big between pound and if you take into consideration that the Euro moved closer to the dollar. IMHO Brexit indeed lowered the pound more.
In the good old days through the 80's the pound was 34 baht hardly ever moved

And how much was beer and cigs a lot cheaper than now so you still have more buying power than now when it was 34 Baht

Our house was built in 2008 and labour/materials were cheaper then and I got a better rate (win/win IMHO). I do not drink alcolhol neither do I smoke so these items are not relevant to me.



Online Hector

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"Currency traders are to blame."  Alfie is absolutely correct!


Offline Anton

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"Currency traders are to blame."  Alfie is absolutely correct!

Yes but why are they allowed to speculate?
Village idiots unwelcome here


Offline nookiebear

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Hmmm ....

In the good old days (2008) 1 pound was good for Thb 71 while I would get Thb 51 for my Euro. Difference now not so big between pound and if you take into consideration that the Euro moved closer to the dollar. IMHO Brexit indeed lowered the pound more.
In the good old days through the 80's the pound was 34 baht hardly ever moved

And how much was beer and cigs a lot cheaper than now so you still have more buying power than now when it was 34 Baht
Small beers were still 40 baht upwards in Pattaya in the good old days,,,,,,but the choice was limited to Singha,Kloister & Amarit........Chang & Leo came along a lot later.The bar fines never exceeded a 100 baht. Short times 250baht,long time 400-500 baht.Diesel was 4 baht/litre!
Check out my website @ www.nookiesdelights.3baht.net


Online caller

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"Currency traders are to blame."  Alfie is absolutely correct!

Yes but why are they allowed to speculate?

For once, we are in full agreement!  ;)


Online Robert

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Seems like the currency traders and agencies like Fitch, Moody's, Standard & Poor are in real control of our planet.....