Yes it has , however the pound/dollar has risen about 4 points and the pound/baht about 0.70 points which seems like a low rise when the baht is supposed to be linked to the dollar - Very Strange. Also a nice leap pound/euro
Diplomacy is the ability to tell a man to go to hell so that he looks forward to making the trip
JG,
I can't understand that as well. When the GBP was down at 48 or so, a simple calculation between the USD/THB rate multiplied by GBP/USD would turn up about the exact rate shown by Bangkok Bank at that time and day.
Why isn't it working in the opposite direction?
Or maybe it is and I'm just being thick
The "Long term real house price trend" is still exactly on it's upward curve. It went above around 1989, fell back below in 1991, rising above again in 2002 and surging too high too quickly, (probably because funding requirements were too loose), it is now exactly back on the path. As unemployment continues to rise even after recovery has started then I think prices will stay steady now with monthly rises/falls around 1%
To say that house 'selling' prices are falling is also not giving a true picture, you would have to remove repossessed properties to make this figure a truer guide. Also prices in London have fallen and bearing in mind that they are much higher than other areas this distorts overall picture.
I have 2 daughters desperately trying to get on the property ladder so they wish you were right, they tell me that prices in their areas are pretty stable, maybe 5-10% drop in 1 year.
Strongly disagree about UK government keeping the £ weak, it is way out of their control in a market like this, although I agree they are happy for it to remain weak for a while yet. Low interest rate argument will usually weaken but US and Japan are lower and their currencies surged based on risk aversion, and since QE started to be rolled out the £ is strengthening.
I believe it's a market the like of which we haven't seen before and an awful lot of guesswork is going on. The news media channels roll out different 'experts' every day and they all have a different opinion so it's no great surprise that we can't agree on here!!
I have just tried to log on to Bangkok banks site to check the exchange rate, unfortunatly i could not log on, so i clicked back to my yahoo home page typed in exchange rates the first one that comes up is Yahoo Finance Currency Converter it allready hade convert 1 GBP to, and then i scrolled down the list of country's and when i got down to Thai it reads Thai Paianga.
Kendo.
Is Bangkok a place or a nasty injury.......Eric Morcombe.
, however the pound/dollar has risen about 4 points and the pound/baht about 0.70 points which seems like a low rise when the baht is supposed to be linked to the dollar - Very Strange. Also a nice leap pound/euro
