Thread: Financial shock for those holding British Pounds

Hmmm.... Interesting. I've been holding onto a lot of dollars for the last year as I didnt want to convert them to Baht at a shitty rate. Wonder if I should think about moving them to my UK account......

Originally Posted by Gerbil

Hmmm.... Interesting. I've been holding onto a lot of dollars for the last year as I didnt want to convert them to Baht at a shitty rate. Wonder if I should think about moving them to my UK account......

Thank goodness a real reply to the original quote. It is interesting in a way to see what the rate of exchange was when Stan expat from essex last looked, but I guess most people know this already.

Your reply requires some thought. Yes the pound is due for a fall, but against what? If we know the answer to that then we can shift a few quid around and reap some benefit. I'm not saying I'm rich enough to have loads a' dollars in offshore accounts but understanding helps.

Long term the baht will rise and get more expensive so if your lucky enough to have 800,000 on deposit then try and add to it.

The dollar will rise against everything soon because its been oversold and people seek refuge in the dollar in uncertain times.

The euro will rise a bit because its becoming a replacement , although not yet big style, for the dollar. Meanwhile the german bankers are more concerned about inflation than growth so they will make sure the euro keeps its value.

back to the pound. I dont think they know what they are doing ( growth versus inflation) so get out and buy something else.

In case you think I' a rich sod...I made a bit the other day cos I went to Krungsi bank and bought $400 as overkill on my visa run to Laos. I'm standing at a small profit......it'll buy a girl a drink....and that will lead to.....lifes not so bad!!!