The GBP??? WTF

phuketrichard · Post by **phuketrichard** » Fri Oct 07, 2016 6:26 pm

....loved LOS at 45B/$...not so much at 30B/$...

.
HUH?

today; 34.7 baht=$1
I brought my land when the baht was at 44.5!!!

CJM555 · Post by **CJM555** » Fri Oct 07, 2016 6:43 pm

It's weird as if by magic when UK requires favourable export conditions the Forex lads n lassies deliver up the goods ?
The £ has been overvalued for years, the inevitable € Euro crash will be apocalyptic.

Luigi · Post by **Luigi** » Fri Oct 07, 2016 7:22 pm

[quote="CEOCambodiaNews"]Pound falls 10% in Asian trading mystery
Friday 7 October 2016 06.55 BST
A “fat finger” error by a trader or computerised chain reaction was thought responsible as the pound plunged to a new three-decade low during early trading in Asia on Friday – adding to the huge losses sterling had already suffered amid speculation that Britain is heading for a “hard Brexit”.

Right! As if it were quite that EZ. That's a really fat finger.

Raybull · Post by **Raybull** » Fri Oct 07, 2016 8:56 pm

Feel the Aussie and Canuck pain of the last couple years!

Алина Анисимов · Fri Oct 07, 2016 9:02 pm

I am glad some fat cat money trader can make a tidy profit from all of this. What a wonderful profession they belong to.

Post by **Jamie_Lambo** » Fri Oct 07, 2016 11:59 pm

its a good job im earning decent coin back here in england atm i should be coming back with alot more than usual, this new exchange rate though is going to suck hard!

SinnSisamouth · Post by **SinnSisamouth** » Sat Oct 08, 2016 12:01 am

yo
dont bother jamie its raining and cold here

26c

Post by **Jamie_Lambo** » Sat Oct 08, 2016 12:05 am

SinnSisamouth wrote:yo
dont bother jamie its raining and cold here

26c

i dont fly back until December, im in England for 4months doing some work, some boxing and spending time with family,
4 months is long enough though, earlier this week it was still nice, still around 20'c but its starting to turn now...

Bertros · Post by **Bertros** » Sat Oct 08, 2016 7:44 am

SinnSisamouth wrote:property in the UK has increased 45% over two years and more in London

id say they wouldn't be that fussed

damn! And I thought it was expensive before!

cheers

Bertros

CEOCambodiaNews · Post by **CEOCambodiaNews** » Sat Oct 08, 2016 10:23 am

The pound was down 1.7% against the dollar at $1.2421, in afternoon trading in London, with analysts blaming concern over the UK's negotiations to exit the European Union.

The flash crash aftershocks also briefly pushed sterling below €1.10, for the first time since early 2010...

Analysts at HSBC are forecasting that the pound could fall to $1.10 and could be worth just one euro by the end of next year.

"The argument which is still presented to us - that the UK and EU will resolve their difference and come to an amicable deal - appears a little surreal," said David Bloom, head of foreign exchange research at HSBC.

"It is becoming clear that many European countries will come to the negotiation table looking for political damage limitation rather than economic damage limitation. A lose-lose situation is the inevitable outcome."

http://www.bbc.co.uk/news/business-37587085

The GBP??? WTF

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