UK after brexit...GBP v THAI BAHT

[UKresonant]

First time I was in Thailand it was 35 to the pound, when I got married it was 75 baht to the pound.

 

The pound is weak just now because nothing has been resolved, I think it will go down to 35 again and then start a recovery, no forecasts on how long that will take. 

The present exchange rate I blame totally on the MPs who could not arrange the exit on the 29th of March past, of whatever political party, better if it had already happened, business had planned for it, and we would be on a recovery path already, from whatever starting point it was from. 

 

 

[Fairynuff]

12 hours ago, BritManToo said:

Quite frankly, I'd rather the UK was a state of the USA than a state of the EU.

The EU is a liberal socialist state on it's way to becoming a bankrupt caliphate.

The goal of Brexit is to stop the UK being part of the EU's multicultural Muslim dominated superstate.

 

Although personally I'm OK with Islam and it's policies towards women.

I could grow a beard, if needs must.

Bigotry is a very ugly personality disorder. You seem to have a very severe case

[Fairynuff]

11 hours ago, JamJar said:

 

At least you've stated your opinion. Even though it appears somewhat tongue-in-cheek.

 

Since you would rather be a state of the USA, would you be happy to do away with the NHS, in so that everyone had to purchase insurance policies to pay for exorbitantly expensive treatment?

@jamjar our voices of reason fall on bigoted deaf ears in this forum 

[Fairynuff]

11 hours ago, Henryford said:

GBP Pound will be back upto 70 on 1.11.19.

You mean they’re going to cancel brexshit?

[Fairynuff]

5 hours ago, Kwasaki said:

UK after brexit...GBP v THAI BAHT 

So whats your contribution to the thread so I can have a laugh. ????

Don’t need to, you’re  doing a fine job already

[Kwasaki]

8 minutes ago, Fairynuff said:

Don’t need to, you’re  doing a fine job already

You don't need too either with your fantasy posts.

[SheungWan]

First time I was in Thailand it was 35 to the pound, when I got married it was 75 baht to the pound.
 
The pound is weak just now because nothing has been resolved, I think it will go down to 35 again and then start a recovery, no forecasts on how long that will take. 
The present exchange rate I blame totally on the MPs who could not arrange the exit on the 29th of March past, of whatever political party, better if it had already happened, business had planned for it, and we would be on a recovery path already, from whatever starting point it was from. 
 
 

Sterling is going down because markets are anticipating the risk of a no-deal Brexit. Any pointers in the opposite direction will bounce the pound. Hard Brexit is negative for Sterling. So no change there then.

Sent from my SM-N935F using Thailand Forum - Thaivisa mobile app

[Brunolem]

3 hours ago, sandyf said:

You really ought to think before you post. 

Switzerland is part of the single market and party to the freedom of movement agreement.

Many remainers would see a Swiss style agreement quite acceptable.

No thinking required: Switzerland is not a member of the EU. 

 

I didn't write that Switzerland was not part of the Schengen agreement, which is something else entirely... 

 

[rickudon]

Since April, the pound has been slowly drifting down, due to the total uncertainty of what will happen (and when!). Unfortunately it is hard to see anything being resolved before the end of October as there is no plan, just a jump from the 10th floor and a hope for a trampoline materialising below ...... So, i expect GBP to be down to around 35 baht by then.

 

IF we leave without a deal, not sure what will happen immediately, depends on how badly things go - probably will move erratically between 30-35 baht, and if smoother than expected could be up to 40 by next Easter. If Brexit called off, will jump to 40-45 straight away and stay there. Unfortunately the economic damage caused by the Brexit uncertainty has locked in some economic ill-health (failure to invest, other losses) so the hope of a 50 baht pound is now just a memory for the next decade.

 

Of course, there may be a correction due to Thailand's economy slowing down, but that would benefit the pound whether Brexit happened or not. I think a lot of Brit retirees will be picking up bottles for recycling to make ends meet.....

[JamJar]

16 hours ago, Perhaps2more said:

There are 195 countries in the world today. There are only 28 countries in the EU.

 

These are the 10 richest countries in the world

Only  one country, Ireland, is in the EU.

1. Qatar
• GNI per capita: $128,060
2. Singapore
• GNI per capita: $90,570
3. Brunei Darussalam
• GNI per capita: $83,760
4. Kuwait
• GNI per capita: $83,310
5. United Arab Emirates
• GNI per capita: $74,410
6. Luxembourg
• GNI per capita: $72,690
7. Switzerland
• GNI per capita: $65,610
8. Hong Kong SAR
• GNI per capita: $64,100
9. Norway
• GNI per capita: $63,980
10. Ireland
• GNI per capita: $61,910
 

Top 10 Economies in the World

Only 4 EU countries in the list and one of them is the UK.

1. The United States GDP
US Nominal GDP: $19.39 trillion
US GDP (PPP): $19.39 trillion
2. China GDP
China Nominal GDP: $12.01 trillion
China GDP (PPP): $23.15 trillion
3. Japan GDP
Japan Nominal GDP: $4.87 trillion
Japan GDP (PPP): $5.42 trillion
4. Germany GDP
Germany Nominal GDP: $3.68 trillion
Germany GDP (PPP): $4.17 trillion
5. United Kingdom GDP
UK Nominal GDP: $2.62 trillion
UK GDP (PPP): $2.91 trillion
6. India GDP
India Nominal GDP: $2.61 trillion
India GDP (PPP): $9.45 trillion
7. France GDP
France Nominal GDP: $2.58 trillion
France GDP (PPP): $2.83 trillion
8. Brazil GDP
Brazil Nominal GDP: $2.05 trillion
Brazil GDP (PPP): $3.24 trillion
9. Italy GDP
Italy Nominal GDP: $1.93 trillion
Italy GDP (PPP): $2.31 trillion
10. Canada GDP
Canada Nominal GDP: $1.65 trillion
Canada GDP (PPP): $1.76 trillion

 

Greece is bankrupt, Spain has extremely high unemployment, Italian economy is in big trouble.

Poor European countries are in the EU to gain labour markets and to get free hand-outs.

Why is it OK for people to move around with no job and claim money from the host country (local people tax money)?

Shouldn't it be paid by the country of origin or the EU central fun? 

 

The richest and the top economies do not have to be in the EU to prosper.

UK is unique because it has the common wealth countries as the allies.

The Commonwealth comprises 53 countries, across all continents. The members have a combined population of 2.4 billion people, almost a third of the world population, of whom 1.26 billion live in India, 220 million live in Pakistan and 94% live in Asia and Africa combined.

UK buy from the EU more than selling to them. 

The UK is a net contributor to the EU budget. In other words, it contributes more to the EU budget than it receives back from it.

 

Top Contributing Countries. Germany is the largest contributor to the EU, accounting for 21.11% of the budget. France (16.44%), Italy (13.64%), the United Kingdom (13.05%), and Spain (8.51%) are the other top contributors. These five countries accounted for approximately 70% of the 2016 EU budget.

 

 

 

Thanks for the numbers. But what is the plan?

 

It seems a bit like, "Let's get out and then see how it goes". That was the problem with the vote. That no one really knew for what they were voting. Just lies, bluff and bluster.

No integrity whatsoever. One day saying one thing, the next, a complete turnaround.

 

Nigel Farage slagging off the EU, but happily feeding at the trough.

 

Boris Johnson;

Quote

In a Telegraph article, written days before a published version in which he backed leaving, Johnson wrote of the EU: “This is a market on our doorstep, ready for further exploitation by British firms. The membership fee seems rather small for all that access. Why are we so determined to turn our back on it?

The existence of the article, in which he also warned that Brexit would cause an “economic shock” and could lead to the breakup of the United Kingdom, was revealed in the book All Out War: the Full Story of How Brexit Sank Britain’s Political Class, by the newspaper’s Sunday Times’s political editor, Tim Shipman.

“There is the worry about Scotland, and the possibility that an English-only “leave” vote could lead to the break-up of the union,” Johnson wrote. “There is the Putin factor: we don’t want to do anything to encourage more shirtless swaggering from the Russian leader, not in the Middle East, not anywhere.”

 

 

We had faith that the politicians had a plan. But it is plain to see that years later, there appears to be nothing coherent.

 

That is my issue. 

 

 

[JamJar]

17 hours ago, Perhaps2more said:

There are 195 countries in the world today. There are only 28 countries in the EU.

 

These are the 10 richest countries in the world

Only  one country, Ireland, is in the EU.

1. Qatar
• GNI per capita: $128,060
2. Singapore
• GNI per capita: $90,570
3. Brunei Darussalam
• GNI per capita: $83,760
4. Kuwait
• GNI per capita: $83,310
5. United Arab Emirates
• GNI per capita: $74,410
6. Luxembourg
• GNI per capita: $72,690
7. Switzerland
• GNI per capita: $65,610
8. Hong Kong SAR
• GNI per capita: $64,100
9. Norway
• GNI per capita: $63,980
10. Ireland
• GNI per capita: $61,910
 

Top 10 Economies in the World

Only 4 EU countries in the list and one of them is the UK.

1. The United States GDP
US Nominal GDP: $19.39 trillion
US GDP (PPP): $19.39 trillion
2. China GDP
China Nominal GDP: $12.01 trillion
China GDP (PPP): $23.15 trillion
3. Japan GDP
Japan Nominal GDP: $4.87 trillion
Japan GDP (PPP): $5.42 trillion
4. Germany GDP
Germany Nominal GDP: $3.68 trillion
Germany GDP (PPP): $4.17 trillion
5. United Kingdom GDP
UK Nominal GDP: $2.62 trillion
UK GDP (PPP): $2.91 trillion
6. India GDP
India Nominal GDP: $2.61 trillion
India GDP (PPP): $9.45 trillion
7. France GDP
France Nominal GDP: $2.58 trillion
France GDP (PPP): $2.83 trillion
8. Brazil GDP
Brazil Nominal GDP: $2.05 trillion
Brazil GDP (PPP): $3.24 trillion
9. Italy GDP
Italy Nominal GDP: $1.93 trillion
Italy GDP (PPP): $2.31 trillion
10. Canada GDP
Canada Nominal GDP: $1.65 trillion
Canada GDP (PPP): $1.76 trillion

 

Greece is bankrupt, Spain has extremely high unemployment, Italian economy is in big trouble.

Poor European countries are in the EU to gain labour markets and to get free hand-outs.

Why is it OK for people to move around with no job and claim money from the host country (local people tax money)?

Shouldn't it be paid by the country of origin or the EU central fun? 

 

The richest and the top economies do not have to be in the EU to prosper.

UK is unique because it has the common wealth countries as the allies.

The Commonwealth comprises 53 countries, across all continents. The members have a combined population of 2.4 billion people, almost a third of the world population, of whom 1.26 billion live in India, 220 million live in Pakistan and 94% live in Asia and Africa combined.

UK buy from the EU more than selling to them. 

The UK is a net contributor to the EU budget. In other words, it contributes more to the EU budget than it receives back from it.

 

Top Contributing Countries. Germany is the largest contributor to the EU, accounting for 21.11% of the budget. France (16.44%), Italy (13.64%), the United Kingdom (13.05%), and Spain (8.51%) are the other top contributors. These five countries accounted for approximately 70% of the 2016 EU budget.

 

 

It's funny that you mentioned the Commonwealth countries. Just watching this on BBC2; The Unwanted: The Secret Windrush Files It's a direct download if you click on the link

For an indirect link; The Unwanted: The Secret Windrush Files

 

Some parallels there, for foreigners residing in Thailand now feeling unwelcome and of course to do with perhaps the reason why many voted for Brexit. Fears linked to immigration.

[YT3k72Em]

17 hours ago, sandyf said:

As a matter of fact, it is the poor countries, from Romania to Turkey, that are waiting in line to join the EU, while the rich ones prefer to stay on the sides, watching the edification of this moder tower of Babel, that will collapse like its predecessor... 

 

I think Romania has been in the EU for the last 12 years.

[Jajazazajaja]

I don’t think Brexit will happen.

parliament won’t allow a hard (angry) brexit that will devastate the economy, and no deal can pass so it’s probably GE in Q4.

[SheungWan]

Since April, the pound has been slowly drifting down, due to the total uncertainty of what will happen (and when!). Unfortunately it is hard to see anything being resolved before the end of October as there is no plan, just a jump from the 10th floor and a hope for a trampoline materialising below ...... So, i expect GBP to be down to around 35 baht by then.
 
IF we leave without a deal, not sure what will happen immediately, depends on how badly things go - probably will move erratically between 30-35 baht, and if smoother than expected could be up to 40 by next Easter. If Brexit called off, will jump to 40-45 straight away and stay there. Unfortunately the economic damage caused by the Brexit uncertainty has locked in some economic ill-health (failure to invest, other losses) so the hope of a 50 baht pound is now just a memory for the next decade.
 
Of course, there may be a correction due to Thailand's economy slowing down, but that would benefit the pound whether Brexit happened or not. I think a lot of Brit retirees will be picking up bottles for recycling to make ends meet.....

Markets are happy to price in uncertainty, but to be specific, the negative pressure on Sterling has significantly been as a result of the markets increasing the risk of a no-deal Brexit.

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[SheungWan]

 
I think Romania has been in the EU for the last 12 years.

... and Turkey has gone walkabout. Looks like a case of copying and pasting some rather old junk websites

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[SheungWan]

I don’t think Brexit will happen.
parliament won’t allow a hard (angry) brexit that will devastate the economy, and no deal can pass so it’s probably GE in Q4.

That's still a maybe.

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[Perhaps2more]

8 hours ago, JamJar said:

Thanks for the numbers. But what is the plan?

 

It seems a bit like, "Let's get out and then see how it goes". That was the problem with the vote. That no one really knew for what they were voting. Just lies, bluff and bluster.

No integrity whatsoever. One day saying one thing, the next, a complete turnaround.

It seemed like that to negative people who prefer not see what these numbers mean.

Of course in changing direction, the old jobs will disappear but there will be new ones to replace the old ones.

Does it mean anything to you when our trade with the EU is in deficit?

Can you not understand from these number that there are more countries in the world to trade with and the richest and the best have no dependency on the EU? 

The numbers Tell you so much more if you can understand them.

As a country you have to look at the big picture not each individual company.

Isn't it obvious to you that we are trying to trade with the world rather than the EU? 

We can not do that while being in the EU because there are rules.

Only few countries in the EU are doing well.

Open your mind a bit more you might see that UK is talking to many countries and prepare to work outside the EU.

If you shut your mind and think only to live off the EU 27 countries, you will not see any possibility with the rest of the world.

As we are buying from the EU more than selling, we only get poorer over time. Does that mean anything to you?

Sorry, I did not realize that to some people these numbers have no meaning at all.

A short course in statistics is highly recommended.

[Perhaps2more]

7 hours ago, JamJar said:

It's funny that you mentioned the Commonwealth countries. Just watching this on BBC2; The Unwanted: The Secret Windrush Files It's a direct download if you click on the link

For an indirect link; The Unwanted: The Secret Windrush Files

 

Some parallels there, for foreigners residing in Thailand now feeling unwelcome and of course to do with perhaps the reason why many voted for Brexit. Fears linked to immigration.

Windrush is what happened with a group of people. The Common Wealth is another story.

Is your mind so narrow that you can not separate these things in detail?

What Thailand has to do with the Brexit?

So long as these foreigners have money to spend and not breaking the law, then they are all welcome regardless of where they are from.

[Brunolem]

10 minutes ago, Perhaps2more said:

It seemed like that to negative people who prefer not see what these numbers mean.

Of course in changing direction, the old jobs will disappear but there will be new ones to replace the old ones.

Does it mean anything to you when our trade with the EU is in deficit?

Can you not understand from these number that there are more countries in the world to trade with and the richest and the best have no dependency on the EU? 

The numbers Tell you so much more if you can understand them.

As a country you have to look at the big picture not each individual company.

Isn't it obvious to you that we are trying to trade with the world rather than the EU? 

We can not do that while being in the EU because there are rules.

Only few countries in the EU are doing well.

Open your mind a bit more you might see that UK is talking to many countries and prepare to work outside the EU.

If you shut your mind and think only to live off the EU 27 countries, you will not see any possibility with the rest of the world.

As we are buying from the EU more than selling, we only get poorer over time. Does that mean anything to you?

Sorry, I did not realize that to some people these numbers have no meaning at all.

A short course in statistics is highly recommended.

Of course, most of the people who support being part of the EU cannot explain why, other than by making short statements, while not bothering to look for hard facts, prefering to listen and parrot biased politicians. 

 

While it is obvious that being in the EU (+ euro) enormously benefits Germany, with its record trade surpluses year after year, it is much less obvious how the average British citizen is benefiting from the EU. 

 

Since the EU/Brussels does what Berlin tells it to do, why are these people so hell bent on keeping the UK from leaving? 

 

First and foremost, they don't want to let other members think that they could also leave... but in the case of the UK, there is the potential loss of big annual contributions to finance the lavish lifestyle in Brussels, and for Germany the risk of reduced exports to one of its best customers. 

 

European + German leaders are ruthless technocrats who will give nothing... nothing!!! 

 

Boris Johnson or whoever else will get the same treatment as Teresa May, that is "our way or the highway". 

 

There will be no deal other than the one already submitted and rejected. 

 

As for the GBP, its value is not only linked to Brexit, but also to the central bank policy, which follows that of the US Fed and ECB. 

 

All the concerned currencies are going down in concert, notably against the Thai baht... and this is what the powers that be want... in fact they want to push them down even more, just listen to Trump these days... 

[Perhaps2more]

9 hours ago, JamJar said:

We had faith that the politicians had a plan. But it is plain to see that years later, there appears to be nothing coherent.

 

That is my issue. 

The Brexit could not be delivered because many politicians do not accept the democratic referendum.

They have been trying everything they can to thwart the process because they think, like you, that UK will not survive in the world and we desperately need to stay in the EU to survive. That is really sad.

Many of them lost their job because people did not put them there to do what they like but to carry out people's wishes.

What make you think we have no plan at all? Are we that stupid really?

UK is number 5 in the world best economy. Have some faith !

And Boris Johnson is not United Kingdom. He is one of the UK politicians.

[sandyf]

5 hours ago, YT3k72Em said:

 

I think Romania has been in the EU for the last 12 years.

The quote you are referring to was not made by me, I appreciate it is an easy mistake but be careful.

[sandyf]

18 hours ago, Brunolem said:

No thinking required: Switzerland is not a member of the EU. 

 

I didn't write that Switzerland was not part of the Schengen agreement, which is something else entirely... 

 

Yes, Switzerland is not in the EU and as I said it is in the single market(Schengen is something different) and would be a realistic compromise.

You do not seem to appreciate that the brexiteers do not want a Swiss style arrangement.

[sandyf]

It is a sad state of affairs when I was a bit relieved to get 38.55/gbp today.

[nauseus]

7 minutes ago, sandyf said:

Yes, Switzerland is not in the EU and as I said it is in the single market(Schengen is something different) and would be a realistic compromise.

You do not seem to appreciate that the brexiteers do not want a Swiss style arrangement.

We won't be offered a Swiss style arrangement, that has come about by both cherry and nit picking.

[sandyf]

2 minutes ago, nauseus said:

We won't be offered a Swiss style arrangement, that has come about by both cherry and nit picking.

Of course, the UK never "picks" on anything.

[Brunolem]

26 minutes ago, sandyf said:

Yes, Switzerland is not in the EU and as I said it is in the single market(Schengen is something different) and would be a realistic compromise.

You do not seem to appreciate that the brexiteers do not want a Swiss style arrangement.

Switzerland was only used as an example to show that it is possible to thrive out of the EU. 

 

The UK's economy being very different from that of Switzerland, the country will have to find its own way. 

 

Anyway, the UK will be safer outside since almost nobody (in the financial world) believes that the euro will hold for long, and once the euro gone, it will be complete chaos in the EU... better be far away when this happens... 

[nauseus]

1 hour ago, sandyf said:

Of course, the UK never "picks" on anything.

Picked leave by 4%. 

[sandyf]

56 minutes ago, Brunolem said:

 

Anyway, the UK will be safer outside since almost nobody (in the financial world) believes that the euro will hold for long, and once the euro gone, it will be complete chaos in the EU... better be far away when this happens... 

Are we to take it that financial forecasts in respect of the EU are to be taken seriously and those in respect of the UK just dismissed as project fear.

[Naam]

3 hours ago, Brunolem said:

Anyway, the UK will be safer outside since almost nobody (in the financial world) believes that the euro will hold for long, and once the euro gone, it will be complete chaos in the EU... better be far away when this happens...

[nauseus]

2 hours ago, sandyf said:

Are we to take it that financial forecasts in respect of the EU are to be taken seriously and those in respect of the UK just dismissed as project fear.

Project Fear is alive, ongoing and can't be dismissed. But remainers also avoid and deny the real prospect of a Euro crisis and consequent EU crisis.