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john west

Now UK coming out of EU with no deal. what is going to happen to sterling??

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It will be 75 Baht to the pound I can feel it in my water

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1 minute ago, nickmondo said:

I dont know where the OP gets his info.

The UK will not leave without a deal.

There will be an extension.

The lunatic known as Boris will lose his job when Parliament submit the vote of no confidence.

There will be an election, with a hung parliament, no majority.

There will be a second referendum, and Brexit will be cancelled.  I hope.

If not cancelled, there will be more extensions until a deal is agreed.

I do think that you should clearly state that that is just your opinion and not actual facts , and it may or may not happen as your suggested . 

   You should begin your post with *I think that............* 

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1 hour ago, mstevens said:

The pound will come back at some point.....the thing is, will it be in 3 months time, 3 years....or longer. 35 baht to the pound by year's end is not out of the question.

🤣

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My guess is Britain will prosper on their own while the EU will continue to deteriorate with their policies of welcoming illiterates from North Africa and other stupid rules and regulations. Of course that being said the upper level of EU politicians will continue to fill their own pockets.

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4 hours ago, john west said:

What is going to happen to Sterling after the UK it seems crashing out of the EU without a deal

nothing will happen to the Sterling it will still be the UK currency 555

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3 hours ago, petermik said:

I asked this same question to a fortune teller in soi Bukhaow (Pattaya) market the other day and she said (pigeon english of course) initially it will sink to 35 baht but late december will bounce to 40 and continue rising during the course of next year to a high of 54.......with this news I happily gave her a 20 baht tip :clap2:

did you visited the same one that TAT did... but with different findings 555

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There are no prizes for guessing the answer to this question. 

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3 hours ago, Baerboxer said:

No one can really predict. But likely the market has already priced much of this in. As such, initially there will be a drop but not massive and then a bounce back. How long that will take to bounce back, no one knows. But probably reasonably quickly.

 

The pound has been between 1.20 and 1.25 USD. Expect that range to narrow but doubt it will go below 1.20; it it does, not for too much time. 

 

No one knows but I guesstimate is no deal will mean 1.20-1.22 when things settle. After that who knows!

I am seeing it at parity with Euro and (not wanting to be bad mouthing anybody) 1.10 to USD

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1 hour ago, allanos said:

Boris Johnson was a Remainer, or, at best, a fence-sitter.

BJ is a washy washy man..... switch sides as the wind blows, as long there is a political opportunity he will swing/switch over, in my humble opinion he doesn't think for himself but only following Cummings thoughts, pity

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I think all the negativity has been ground into the Sterling rate already. I can only see an increase in the £/Thb rate, but hey I’m no expert it’s just a gut feel.

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4 hours ago, Jip99 said:

 

 

 

If she told me that, she would have been rewarded with a 100 Baht note... 😀

she would have been happy with a £5 note knowing that it's going to be worth 20% more next year.

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Posted (edited)
4 hours ago, BritManToo said:

I don't think it will happen.

There'll be another extension/delay.

 

I agree with you.

 

This is an article in today’s Guardian.

 

“What’s at stake is not winning some stupid blame game,” Tusk wrote in a tweet directed at the prime minister. “At stake is the future of Europe and the UK as well as the security and interests of our people. You don’t want a deal, you don’t want an extension, you don’t want to revoke. Quo vadis? [Where are you going?]”

 

https://www.theguardian.com/world/2019/oct/08/eu-may-offer-to-extend-deadline-for-brexit-deal-to-summer

 

 

“He’s lied his way through life, he’s lied his way through politics, he’s a huckster with a degree of charm to which I am immune. As well as being mendacious he’s incompetent.” 

Conservative former minister Chris Patten in May interview with Bloomberg

 

‘I think he honestly believes it is churlish of us not to regard him as an exception, one who should be free of the network of obligation which binds everyone else.” 

Johnson’s Eton housemaster, Martin Hammond, in 1982 school report

 

The European politicians are not stupid. They have the full measure of Johnson. Brexit, apparently, is headline news everyday in Germany. It’s in everyone’s interest to get a deal. That’s why it’s likely there will be an extension until next June at the very least.

 

You can be sure they read British newspapers every day so they would have read Andrew Rawnsley’s article on Johnson in the Observer: 

https://www.theguardian.com/commentisfree/2019/oct/06/boris-johnson-is-still-gambling-on-winning-brexit-blame-game

 

Although what will happen to Sterling, while Johnson and Dominic Cummings play their stupid games is anyone’s guess!

Edited by silver sea
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4 hours ago, BritManToo said:

I don't think it will happen.

There'll be another extension/delay.

Seems so. A law was passed, the Benn Law, that forbids a no-deal exit. A further extension is almost certain, with talk of it being nine months (demanded by the EU) in order that an election or second referendum can be organised. 

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