The GBP??? WTF

Michael2002 · Post by **Michael2002** » Fri Oct 07, 2016 12:08 pm

Are we going to parity with the USD?

Post by **Jamie_Lambo** » Fri Oct 07, 2016 12:33 pm

Michael2002 wrote:Are we going to parity with the USD?

its fucking shit, best get transfering some money before it goes to pot

SinnSisamouth · Post by **SinnSisamouth** » Fri Oct 07, 2016 12:49 pm

ha ha!
glad I brought my cash over years ago!

i hope i don't win the euro millions because i will be killed on exchange rate

£130 million = $156 million
beginning of October $176 million!

bolueeleh · Post by **bolueeleh** » Fri Oct 07, 2016 2:07 pm

i still had GBP stuck from years ago at 2.3++ to SGD

CEOCambodiaNews · Post by **CEOCambodiaNews** » Fri Oct 07, 2016 2:17 pm

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”.

The pound fell almost 10% at one point to US$1.1378, prompting confusion among traders who were struggling to identify any news or market event that could have been to blame.

As the currency recovered to around $1.2415 there was speculation a technical glitch or human error had sparked a rash of computer-driven orders.

“What we had was insane – call it flash crash but the move of this magnitude really tells you how low the currency can really go,” said Naeem Aslam...
https://www.theguardian.com/business/20 ... -knows-why

Bertros · Post by **Bertros** » Fri Oct 07, 2016 3:12 pm

any folks that bought property in the UK with US dollars between 2 yrs and 5yrs ago has got to be in fits right now.

riel to the pound down +20% in last year and +25% over 2 years.

that's got to sting. Have to say, it's one reason I prefer cambo to Thailand. loved LOS at 45B/$...not so much at 30B/$.

cheers

Bertros

IraHayes · Post by **IraHayes** » Fri Oct 07, 2016 4:00 pm

But looking at this the other way .... selling up in Cambodia and moving those US$ to GBP is going to be damn sweet.

So if anyone is in need of a 0.5 Hectare Rice field in Prey Veng, 2 building plots in Sihanoukville, and 1 about 5km north of the airport... do let my wife know

Bertros · Post by **Bertros** » Fri Oct 07, 2016 4:08 pm

more drivel

It suffered a flash crash in early trading Friday in Asia, suddenly plunging more than 6% to near $1.18, a fresh 31-year low. Soon afterward, it recovered much of its losses to trade around $1.24.

On Thursday, the pound had been trading around $1.26 as traders continue to worry about the future of the U.K. economy in the wake of the nation's Brexit vote.
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The pound hasn't hit these levels since a currency crash in 1985. Strategists widely predict the pound will keep going lower.
So why is the currency worth 17% less than it was right ahead of the Brexit referendum? And why has this week been so punishing?

Here's what you need to know:

http://money.cnn.com/2016/10/06/investi ... index.html

Bertros

SinnSisamouth · Post by **SinnSisamouth** » Fri Oct 07, 2016 4:13 pm

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

id say they wouldn't be that fussed

frank lee bent · Post by **frank lee bent** » Fri Oct 07, 2016 6:11 pm

will be great for exports and retard imports. tourism will boom.
could be heap good medicine

The GBP??? WTF

The GBP??? WTF

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