GBP vs THB

[Korkenzieher]

Sterling put in a bottom months ago and is really waiting for a reason to rally so I stick by my predictions (for want of a better word) in August. Sterling up into the 52-53 area before the end of Feb. That is still a big move not least because I was expecting the move to come earlier and have longer to develop; but USD often rallies EOY and sells off in the New Year and THB will largely track that.

My biggest concern with inflation isn't the fact that it is there, but the asymettry it has in society - non discretionary costs affect the old particularly more and that will have knock on effects for the budget, but the recent comments from the IMF couldn't have been more favourable, coming as they do from an institution led by a French socialist. The UK has become the poster child for the IMF austerity drive. Now whether you think that is a good thing or not is likely to depend on your particular political hue!

[MrPlum]

...but there is already a painful reaction to the extra VAT on fuel....

Brings to mind this little ditty...

"Tax his land, Tax his bed, Tax the table, At which he's fed."

Written by Ernest Hancock
12-16-2008

Tax his land,
Tax his bed,
Tax the table
At which he's fed.

Tax his tractor,
Tax his mule,
Teach him taxes
Are the rule.

Tax his cow,
Tax his goat,
Tax his pants,
Tax his coat.

Tax his ties,
Tax his shirt,
Tax his work,
Tax his dirt.

Tax his tobacco,
Tax his drink,
Tax him if he
Tries to think.

Tax his cigars,
Tax his beers,
If he cries, then
Tax his tears.

Tax his car,
Tax his gas,
Find other ways
To tax his ass

Tax all he has
Then let him know
That you won't be done
Till he has no dough.

When he screams and hollers,
Then tax him some more,
Tax him till
He's good and sore.

Then tax his coffin ,
Tax his grave,
Tax the sod in
Which he's laid.

Put these words
upon his tomb,
" Taxes drove me
to my doom..."

When he's gone,
Do not relax,
Its time to apply
The inheritance tax.

=============================

Accounts Receivable Tax
Building Permit Tax
CDL license Tax
Cigarette Tax
Corporate Income Tax
Dog License Tax
Excise Taxes
Federal Income Tax
Federal Unemployment Tax
Fishing License Tax
Food License Tax
Fuel Permit Tax
Gasoline Tax
Gross Receipts Tax
Hunting License Tax
Inheritance Tax
Inventory Tax
IRS Interest Charges
IRS Penalties (tax on top of tax)
Liquor Tax
Luxury Taxes
Marriage License Tax
Medicare Tax
Personal Property Tax
Property Tax
Real Estate Tax
Service Charge Tax
Social Security Tax
Road Usage Tax
Sales Tax
Recreational Vehicle Tax
School Tax
State Income Tax
State Unemployment Tax
Telephone Federal Excise Tax
Telephone Federal Universal Service Fee Tax
Telephone Federal, State and Local Surcharge Taxes
Telephone Minimum Usage Surcharge Tax
Telephone Recurring and Non-recurring Charges Tax
Telephone State and Local Tax
Telephone Usage Charge Tax
Utility Taxes
Vehicle License Registration Tax
Vehicle Sales Tax
Watercraft Registration Tax
Well Permit Tax
Workers Compensation Tax

STILL THINK THIS IS FUNNY?
Not one of these taxes existed 100 years ago, and our nation was the most prosperous in the world. We had absolutely no national debt, had the largest middle class in the world, and Mom stayed home to raise the kids.

[poosmate]

Not one of these taxes existed 100 years ago, and our nation was the most prosperous in the world.

No we taxed the arse off the rest of the worlds poor and uneducated until we had our fill and then left their countries and people in turmoil.
Long live the Empire!
Teach a man to fish and he will feed himself and maybe have a surplus to trade.Show him that stealing is better and he and his countrymen will come back to steal from you.
The old UK of 100 years ago. Was it much different in its regard to the lower classes of it's Empire as the Thai HiSo are today to their fellow countrymen?

[barrys]

I think you have a very good point there, Poosmate!

[Rider]

Not one of these taxes existed 100 years ago, and our nation was the most prosperous in the world.

Teach a man to fish and he will feed himself and maybe have a surplus to trade.Show him that stealing is better and he and his countrymen will come back to steal from you.
The old UK of 100 years ago. Was it much different in its regard to the lower classes of it's Empire as the Thai HiSo are today to their fellow countrymen?

You talk some garbage, in fact I think you'd be better off shipped off to NK or in a time machine back to Soviet Russia. You'd obviously thrive there.

I'd say the empires country's were ten times better under the empires rule than when labour and tory's gave out independence whilly nilly.
I see Zimbabwei, South Africa and Pakistan positively thriving and a paradise to live in compared to back 100 years ago.

It was much different back in those times. Less rules, less tax and less regulation, if you actually had a spine and could work you ended up with something to show for it. Unlike now.

I think some people actually want to see the UK sink into the ocean, which is bad enough if it wasn't for the government putting it on the same course...

[STEVE G]

Those were all American taxes anyway; dog licensing was abolished in the UK in 1988!

[Spitfire]

Closing in on 50 baht to a pound, be interesting to see what happens. Dollar strengthened too a little lately but that's probably due to that fall of almost 5% of the Thai stock markey recently, so the pound is probably just following suit.

Or is there another reason?

[JimmyGreaves]

Took a slump when this news was released yesterday and I thought it might have hit the 50 mark.

The UK's economy suffered a shock contraction
http://www.bbc.co.uk/news/business-12272717

[chopsticks]

Mervyn King's gloomy forecast won't help either.........


http://www.bbc.co.uk/news/business-12282405

[JimmyGreaves]

Well First time seen this in a long long time may it continue forever upwards

50 Baht to the pound

[Siani]

Well First time seen this in a long long time may it continue forever upwards

50 Baht to the pound

I have been watching it too. Looking better, hope it continues The trend all week has been slowly up then dipping a little. The weekend was around 49 but pleased to see it going over 50. If you read the beginning of this thread the post said that they were pleased to get 67+ from an ATM machine, that was back in 2008. I think today that maybe wishful thinking to expect that.

[Spitfire]

I'm guessing JG then that that is the X-rate what you quoted, as the High Street banks are still hovering around 49.4 today.

Either way, definitely a good barrier to nudge through, been a while, just hope it doesn't fall off again like last time.

[JimmyGreaves]

I'm guessing JG then that that is the X-rate what you quoted, as the High Street banks are still hovering around 49.4 today.

Either way, definitely a good barrier to nudge through, been a while, just hope it doesn't fall off again like last time.

That would have been yesterdays figures, think they start at a rate in the morning and leave it there!

[PET]

If you want to find all the foreign exchange the rates in Thailand banks go to this web page

http://bankexchangerates.daytodaydata.net/default.aspx

For sterling pounds choose GBP and to check the ATM rate or the Swift Transfer rate UK bank to Thai bank choose TT under type.

The rates change throughout the day and will be the rate that particular bank will give at that particular time. There are sometimes 4/5 changes during working times.

In my experience using Kasikorn it has always agreed

Best TT rate at this moment is 49.795

[mabubba]

50 Baht to the pound

Whoop whoop!