Thread: Financial shock for those holding British Pounds

62.95

[quote=minime;720759]

Originally Posted by bkkandrew

All as predicted here:

there is only one way for Sterling to go in the short to medium term - down.

I hope it stays above 60 to a pound, who thinks it will go below? I hope not I get paid in pounds.

As I said before, the GBP will follow THB down (coincidence, rather than any link), so the net rate between the two currencies should stay as is +/- 5%...

COB 13/8/2008
Bangkok Bank TT Rate
GBP = 63.76

Originally Posted by Begbie

62.95

Yep, the chickens are coming home to roost. Insolvent banks = insolvent country.

Sterling down 2% against THB, over 2% against the YEN, and nearly 2% against Sing Dollar and NZ Dollar. Everything else between 1-1.5%.

I planned this years trading at 60 as a worse-case. Looks like no bunce for me the way things are headed.

Need the THB crash to speed up!

Originally Posted by Thetyim

COB 13/8/2008
Bangkok Bank TT Rate
GBP = 63.76

That was this morning's rate.

Take a look tomorrow.

so bkka, I would hate to burst your bubble again and your alarmist predictions, but so far your predictions have been busted

oil gloom, busted
US going down, busted
end of the world, busted
BP going the toilet, probably busted within a few weeks

That's not even 1 out of 2, bkka, maybe if you are lucky, 1 out of 4 if the BP doesn't rebound next month

The credit crunch will hit the mia nois hardest.

Right, lets deal with you (once more)

Originally Posted by Butterfly

oil gloom, busted

No, I pointed out the supply and demand driver to the price of oil. I showed you that the current collapse of the US economy was more than accounting for rising Chinese demand. You still seem unable or unwilling to understand this.

Originally Posted by Butterfly

US going down, busted

Anyone who seriously thinks that the US economy is doing well at the moment are either in a loony hospital, or called Butterfly. I'll remain with my point of view thanks.

Originally Posted by Butterfly

end of the world, busted

Can you show me where I have predicted this?

Originally Posted by Butterfly

BP going the toilet, probably busted within a few weeks

I have not made a single post on this or any other forum about BP. I have no idea what you are talking about.

Originally Posted by Butterfly

That's not even 1 out of 2, bkka, maybe if you are lucky, 1 out of 4 if the BP doesn't rebound next month

So actually thats 3 out of 3. But then again, maths has never been your strong point...

[quote=DrivingForce;720767]

Originally Posted by minime

Originally Posted by bkkandrew

All as predicted here:

there is only one way for Sterling to go in the short to medium term - down.

I hope it stays above 60 to a pound, who thinks it will go below? I hope not I get paid in pounds.

Greedy??

Yeah!

Originally Posted by bkkandrew

So actually thats 3 out of 3

^ living in lala land again ?

Originally Posted by bkkandrew

But then again, maths has never been your strong point

Thanks, still doing better than you could. So can you explain again your price elasticity theory where oil price keeps going up because demand is super sensitive

Pound continues on down

Baht tomorrow surely

As an accomplished Anglophile, I can assure you the pound's decline is due to very poor manners, retarded leaders, shit cars and general dumb ass disease. The precipitous decline has also been attributed to shit food and poor dental hygiene.

See, we can do it too.

Need a mint?

Originally Posted by Texpat

Need a mint?

Yes
Both Polo and Royal please

Originally Posted by Begbie

Pound continues on down

it's only down .145 in one day, no big deal, small panic, the usual. It could rebound any day, who the fuck knows, I wouldn't worry

remember when the BP was in the shit in the early 90s ? was it the end of England ? au contraire, the cheap currency eventually was a kick starter for the economy,

not sure it would be the same this time, but a lower BP will eventually benefit the Brits,

I'm not a Brit, so can I have a glass of wine, Tex?
I'm happy. I'm paid in greenbacks.

[quote=minime;720826]

Originally Posted by DrivingForce

Originally Posted by minime

Originally Posted by bkkandrew

All as predicted here:

there is only one way for Sterling to go in the short to medium term - down.

I hope it stays above 60 to a pound, who thinks it will go below? I hope not I get paid in pounds.

Greedy??

Yeah!

at least your straight forward about it...

Originally Posted by Butterfly

Originally Posted by Begbie

Pound continues on down

it's only down .145 in one day, no big deal, small panic, the usual. It could rebound any day, who the fuck knows, I wouldn't worry

What's this now, fool?

.145 - what does that mean? Against what? Is it a percentage? Perhaps a callibre?

^ you wouldn't know, it's all the same for you, troll

Originally Posted by Jet Gorgon

I'm not a Brit, so can I have a glass of wine, Tex?
I'm happy. I'm paid in greenbacks.

Me too. These grounded pounders can lick my boots for a quarter. Last year the shoe was on the other foot and no end of naysayers were forecasting the end. I could dig up the quotes, but won't do to any length to embarrass them.

Whoopsie! DOW 6K

^If you are waiting and watching for phase two of the meltdown, don't leave your seat Tex...

OK, I'll be waiting.

Nudge me if I happen to fall asleep.

^You dismissed phase one about 9-months ago. Do you want me to find you post?

Originally Posted by Texpat

As an accomplished Anglophile, I can assure you the pound's decline is due to very poor manners, retarded leaders, shit cars and general dumb ass disease. The precipitous decline has also been attributed to shit food and poor dental hygiene.

See, we can do it too.

Need a mint?

We can, but we don't have that same level of insecurity nor do we want to stoop to that level and besides we lack the rapier sharp wit that the british are so infamous for ..........or is it raper? I don't remember.....Oh well some of us don't anyway....

It's called tired, old, worn out cliches we've all heard 1,000 times.

You dismissed phase one about 9-months ago. Do you want me to find you post?

I recall suggesting it will be a blip on the historical radar in 10 years. Then adjusted it down to five. Your alarmist tendencies are just too OTT for me.