GBP vs THB

[Governor]

I never thought I’d ever have regarded 40 Baht to the Pound Sterling as cause for celebrating, how things have changed.

[PET]

A Tory working majority after Thursday would surely have a positive effect upon Sterling which could strengthen 10% in the short term. Afterwards it could be a continuing and gradual improvement. Let us see - positive thinking too.

[HHTel]

I'm peed off with having to transfer 800K a few months ago to satisfy immigration. Put in a fixed deposit account with 1.5% interest returning me 12,000 baht (tax??) after 12 months. In the last few weeks alone that has devalued against the GBP by around 60,000 baht due to the pound's rise.

[Nereus]

I'm peed off with having to transfer 800K a few months ago to satisfy immigration. Put in a fixed deposit account with 1.5% interest returning me 12,000 baht (tax??) after 12 months. In the last few weeks alone that has devalued against the GBP by around 60,000 baht due to the pound's rise.

Tax on fixed deposit accounts is 15% on the interest earned. Automatically deducted by the bank, either after 1 year, or when and if you withdraw the funds, pro rata.

[oakdale160]

Dramatic rise invalue of pound after exit polls were released. Pound /USD at 1.35 Pound/baht must fix at over 40

[PET]

The pound will jump and continue to rise and I hopeful about Baht/Stg getting to very near 50 next year

[hhinner]

Dramatic rise invalue of pound after exit polls were released. Pound /USD at 1.35 Pound/baht must fix at over 40

Not as dramatically as it fell after the referendum.

[stretch]

Give it time been a matter of hours.

[dtaai-maai]

The pound will jump and continue to rise and I hopeful about Baht/Stg getting to very near 50 next year

Those rose-tinted glasses seem to be working well!

[HHTel]

The pound jumped sharply on the result of an exit poll but dropped when real results started coming in. How does that work?

[oakdale160]

Could be the "Scottish problem"

[lomuamart]

The GBP will never recover to pre Brexit rates of about 55 to the THB.
Maybe, 45ish at best.
As a Brit, I hope I'm wrong but there you go.

[buksida]

GBP will never reach such highs while the THB is so strong - it takes two currencies to tango!

A devaluation in THB is unlikely while the junta and elite are profiting from it.

[stretch]

The baht bubble will burst but only the poor will suffer money men junta will have made there money.

[caller]

Here's hoping!

'HSBC – a conduit for Asian capital – expects a structural "rerating" of UK Inc, with sterling powering to €1.35 over the next year. What we have seen so far this morning at €1.20 is an amuse-bouche. “It could be radical,” says HSBC’s currency chief David Bloom.'

https://www.telegraph.co.uk/business/20 ... vide-rule/