Roel wrote:....Europeans spent less or are not visiting at all, but other nationalities are more than making up for the loss. Before Somchai the longtail boat driver brought English and German tourists to Phi Phi Island. Now he fills his boat with Russians and Chinese.
Pound hit a 2 month high of 45 yesterday. According to an email I received from from my currency exchange service:
Data this morning revealed that the UK economy expanded by 0.3% in Q1 2013, significantly above consensus expectations of a +0.1% figure. As ever, the UK services sector led the way, expanding by 0.6%.
Pleng wrote:Pound hit a 2 month high of 45 yesterday. According to an email I received from from my currency exchange service:
Data this morning revealed that the UK economy expanded by 0.3% in Q1 2013, significantly above consensus expectations of a +0.1% figure. As ever, the UK services sector led the way, expanding by 0.6%.
Shocked nearly a 2 baht rise overnight.
Diplomacy is the ability to tell a man to go to hell so that he looks forward to making the trip
it looks like the baht as been devaluing against most currencies,probably taking a breather before it goes up again,oz dollar is up 3% this week as well
You can't have such a precipitous drop without the currency coming back to test where new support/resistance is. 45 + or - a smidge, is the most logical next level.
Its funny to go back to the early pages of this thread--in 08 there was great concern as the pound had gone down under 66. Now the days of 50b/pond are starting to look like the good old days. The $s have not had the big drop and have recovered $Canadian is back to 29 where it was a few months ago.
So it is baht weakening rather than pound strengthening in this latest upward tick, correct??
