Interest rate cut of half a percent.
and back to below 40, UK double fucked!!!
Seems the market makers have been unimpressed by BoJo the Clown's antics in doing unconvincing impressions of a prime minister. £ now at 38.50 baht.
It truly is a storm of fuckuppery with the most incompetent tenth rate government ever to have been elected to power.
I reckon we are looking at 35/36 baht by next Friday.
^ great news for when you sell your flat and export the dosh and your bloke to the UK, oh ang on tinkerland.
Afternoon Lom, have a great feed down the buffet now.
Enjoy your savings
The UK and the Eurozone could be heading for a coronavirus induced recession.
"Dillinger " Dillinaire " Dillinger "
CURRENCY DENOMINATION BUYING RATE SELLING RATE USDUnited States
100
31.67
31.7850 31.67 31.78 10 - 20 31.52 31.68 5 31.42 31.68 1 31.07 31.48
GBPUnited Kingdom
50
39.00
39.5020- 5 38.90 39.40
EUREuropean Union
500-100
35.15
35.3550 35.10 35.30 20-5 35.05 35.30
CHFSwitzerland
1000 - 10
33.30
33.50
AUDAustralia
100 - 5
19.65
20.00
MYR Malaysia
100 - 50
7.41
7.4410 - 5 7.21 7.34
I am not a liberator , Liberators do not exist , The people liberate themselves , Ernesto Che Guevara .
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I think that is beyond doubt. If it is not the suppressed consumer consumption it will be the interrupted supply chain. So much is JIT these days where the globalised economy is concerned. We have a big logistics assessment going on looking at the forward production plan and working out where imported supplies plug in, its likely to affect the home market suppliers too given they also rely upon imports.
Biggggg disruption ahead. Our products takes 6+ months to produce and test so its a major headfuk.
Brexit + COVID = 36 THB / GBP
and here we go,
The squid at a 30 year low.
37.54 now.
It must be due to all those company managers cashing in their shares, right Betty?
Just biding my time when it hits $1.10 and I can resurrect those posts by the usual morons who said it would never happen......
Brexit was the springboard from which the UK jumped, COVID is simply the bullet hitting the body as it falls further into the chasm of economic ruin.
In one way I am eminently pleased, it's always nice to see oneself vindicated by events long forecasted by me, almost as good as mocking the idiots who thought any diminution of the currency was merely fleeting and only the product of trader neuroses that would be dismissed once the unicorn dust was sprinkled over Albion cleansed from Johnny Foreigner's malign influence.
Still, I do feel for those blue collar chaps now on short time, or even unemployed, who still have to remit home contributions to the Thai family whose budgets have been ravaged by what is now a 30% reduction in the exchange rate - quit devastating, really, but its their own fault, most of them voted for it, the idiots.
Sept/Oct 2015 £ = 54 baht.
Today £ = 37.10 baht.
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