GBP vs THB

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HHTel
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Re: GBP vs THB

Post by HHTel » Thu Aug 17, 2017 2:25 pm

There's always the twenty grand option. I'm sure you know what I mean!

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StevePIraq
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Re: GBP vs THB

Post by StevePIraq » Thu Aug 17, 2017 3:35 pm

Yes I know of that one, wink wink, nod, nod, say nah more
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Re: GBP vs THB

Post by oakdale160 » Sat Sep 16, 2017 11:14 am

Just a hint from the B of E that they "might consider" raising the prime the next time they review it, though not at the moment, is enough to make the pound rise quite considerably.

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Re: GBP vs THB

Post by Nereus » Sat Sep 16, 2017 12:44 pm

Pound soars after BoE's hawkish note

http://www.bangkokpost.com/business/wor ... wkish-note

The pound climbed to the highest level against the dollar since just after the Brexit vote and UK government bonds tumbled as Bank of England policy maker Gertjan Vlieghe stoked speculation of an interest-rate increase within months.

Sterling surged past $1.36 after Vlieghe, considered a dovish monetary policy voter, turned hawkish to tell a conference the moment was approaching for a rate hike. The premium to hold call options on the pound relative to puts rose to the widest since 2009, as markets moved to price two rate increases next year.

The pound is the world's best-performing major currency this month as the BoE's comments suggest it could look past sluggish wage growth to remove the monetary stimulus placed after last year's Brexit vote.

"The evolution of the data is increasingly suggesting that we are approaching the moment when the bank rate may need to rise," Vlieghe said in a speech at the Society of Business Economists in London. If the economy continues apace, "the appropriate time for a rise in the bank rate might be as early as in the coming months."
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Re: GBP vs THB

Post by Spitfire » Sat Sep 16, 2017 1:05 pm

Going to need a bit of a pound recovery with all these tax grabs and the moronic government decision making resulting in life in Thailand becoming silly expensive and difficult. As if it wasn't restrictive enough already.

Very different place to what convinced me to stay when I got here. If not for having put so much time, effort, emotion and money etc. into sorting out a cushy existence here...I would have probably bailed by now.
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johnjar
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Re: GBP vs THB

Post by johnjar » Sat Sep 16, 2017 1:24 pm

Yes the BOE Vlieghe implying a rate rise which is good for now , though the way the Brexit talks seem to be going , it looks like the GBP will nose dive again.

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Re: GBP vs THB

Post by StevePIraq » Sat Sep 16, 2017 2:18 pm

GBP to THB has been going up steadily since 19 August however you have to go back to September 2016 since it was last at this level. It is going to take a huge increase to make any real difference to Brits.

USD to THB is at a 2 year low.
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Re: GBP vs THB

Post by johnjar » Sat Sep 16, 2017 2:37 pm

StevePIraq wrote:
Sat Sep 16, 2017 2:18 pm
GBP to THB has been going up steadily since 19 August however you have to go back to September 2016 since it was last at this level. It is going to take a huge increase to make any real difference to Brits.

USD to THB is at a 2 year low.
The only chance of a huge increase in the GBP is the remote chance of Brexit reversal..More likely it will become a hard Brexit then the GBP is going way down in the longer term.

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StevePIraq
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Re: GBP vs THB

Post by StevePIraq » Sat Sep 16, 2017 2:44 pm

I think if the UK gets some concessions and signs trade agreements that will also see a fair increase.
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Re: GBP vs THB

Post by Spitfire » Sat Sep 16, 2017 2:47 pm

If it's a hard Brexit, then it will take 5 years after the exit before the pound gets back to a decent realistic level....in other words once the important trade deals have been made. A reasonable deal with the Borg collective in Brussels will speed that up though.
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Re: GBP vs THB

Post by johnjar » Sat Sep 16, 2017 3:32 pm

StevePIraq wrote:
Sat Sep 16, 2017 2:44 pm
I think if the UK gets some concessions and signs trade agreements that will also see a fair increase.
After listening to the European Union address by Juncker they seem to be taking a very hard line and they probably dont want to make concessions , and more likely want to punish the UK as lesson to any other EU Members who want to exit.

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Re: GBP vs THB

Post by StevePIraq » Sat Sep 16, 2017 3:52 pm

Agreed, they are scared stiff that others may follow so will go all out to make it hard for the UK. Personally I believe this will change over time. Germany for one just cannot afford to lose it's car sales to the UK, in 2015 it was 55Bn Euro.

But anyway this is for another thread Brexit I think http://www.huahinforum.com/viewtopic.php?f=35&t=32640
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Re: GBP vs THB

Post by johnjar » Sat Sep 16, 2017 4:10 pm

StevePIraq wrote:
Sat Sep 16, 2017 3:52 pm
Agreed, they are scared stiff that others may follow so will go all out to make it hard for the UK. Personally I believe this will change over time. Germany for one just cannot afford to lose it's car sales to the UK, in 2015 it was 55Bn Euro.

But anyway this is for another thread Brexit I think
Yes Brexit a thread would be appropriate , but as this is GBP v THB , Brexit does have a major impact on GBP , I doubt they will change over time , Germany will be hit hard but UK will be hit harder , in my opinion the GBP will tank as will the UK economy unless a Brexit reversal happens which I reckon is the end game for both sides.

http://www.huahinforum.com/viewtopic.php?f=35&t=32640

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Re: GBP vs THB

Post by oakdale160 » Sat Sep 16, 2017 11:06 pm

Does any poster have really serious plan to return to the UK if the baht gets below a certain level, say 40. I group of British guys that I know had this conversation some time ago and all agreed, below 45 and they are gone, but they are still all here.

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Re: GBP vs THB

Post by redzonerocker » Sat Sep 16, 2017 11:39 pm

johnjar wrote:
Sat Sep 16, 2017 4:10 pm
Yes Brexit a thread would be appropriate , but as this is GBP v THB , Brexit does have a major impact on GBP , I doubt they will change over time , Germany will be hit hard but UK will be hit harder , in my opinion the GBP will tank as will the UK economy unless a Brexit reversal happens which I reckon is the end game for both sides.
Heard it all before from the remoaners and the buffoons in Brussels. :roll:

Weren't we supposed to nosedive straight into a deep recession after the Brexit result, countless other horrific financial disasters, followed swiftly by world war 3 ?? :roll: . . . . . :blabla:
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