GBP vs THB

[richard]

Thread dead as far as I am concerned

[sargeant]

I still havent had an answer as to why a hung UK parliament lowers the pound
as against a country verging on all out civil aggro and the baht gets stronger
what economic factors are involved in that

ladbrokes is probably an answer

[Ken]

Steve C hit the nail on the head. Sure, UK politics affects the exchange rate but continual rants against the Labour party or any other party get very tiresome when discussing forex. Sensibly, Steve opened up up another thread for that.

Pound slipped again yesterday. Why?

UK Stock Markets good bit up yesterday but little bit down today.

Thoughts anyone?

[chopsticks]

I still havent had an answer as to why a hung UK parliament lowers the pound
as against a country verging on all out civil aggro and the baht gets stronger
what economic factors are involved in that

ladbrokes is probably an answer

Sargeant,
Hung UK Parliament = uncertainty and likelihood of a further election within 6 months.
Markets (both forex and equity) dislike uncertainty / changes.
Thailand certainly has political problems but no financial mess as per Eurozone, USD or GBP.
Some other currencies have also remained unchanged or strenghened over last 2 years.

[Ken]

I still havent had an answer as to why a hung UK parliament lowers the pound
as against a country verging on all out civil aggro and the baht gets stronger
what economic factors are involved in that

ladbrokes is probably an answer

Sargeant,
Hung UK Parliament = uncertainty and likelihood of a further election within 6 months.
Markets (both forex and equity) dislike uncertainty / changes.
Thailand certainly has political problems but no financial mess as per Eurozone, USD or GBP.
Some other currencies have also remained unchanged or strenghened over last 2 years.

Good 'on topic' answer.

[sargeant]

whilst i accept your answer i am still baffled
so a hung parliament = uncertainty as to the economy
but an all out civil violent punch up means a sure bet the ecomomy will be better

seems A over T to me

[PET]

[quote="sargeant"
but an all out civil violent punch up means a sure bet the ecomomy will be better

What Chopsticks says seems pure common sense and what 'civil violent punch up' means in the context of FX rates is totally beyond me !!

[hhfarang]

...hung Parliament...

I wish someone would do that to the U.S. Congress... I'd be happy to supply the rope!

[malcolminthemiddle]

[quote="sargeant"
but an all out civil violent punch up means a sure bet the ecomomy will be better

What Chopsticks says seems pure common sense and what 'civil violent punch up' means in the context of FX rates is totally beyond me !!

I believe the point Sarge was making is what is the difference between the political uncertainty in the UK and the political uncertainty in Thailand which results in a weak GBP but a strong Baht?

The only difference I can think of is that political uncertainty in Thailand is the status quo.

[sargeant]

Thankyou malcolm that is exactely the point i was making

i think PET was making a point of his own which unfortunately completely eluded me

[chopsticks]

[quote="sargeant"
but an all out civil violent punch up means a sure bet the ecomomy will be better

What Chopsticks says seems pure common sense and what 'civil violent punch up' means in the context of FX rates is totally beyond me !!

I believe the point Sarge was making is what is the difference between the political uncertainty in the UK and the political uncertainty in Thailand which results in a weak GBP but a strong Baht?

The only difference I can think of is that political uncertainty in Thailand is the status quo.

That's pretty much it - viewed as politically unstable with all those coups over recent years.
Also, GBP is one of the major currencies traded along with the USD, Euro, JPY etc.
THB is pretty much off the radar unless the situation escalates enough to get the satellite TV trucks in.

[sargeant]

Well the army is out in force in BKK today i hope sincerely PET doesnt find out how

an all out civil violent punch up

effects FX rates
I would much rather not have any trouble any more political uncertainty in this country could see one baht costing 10 quid

[PET]

Well the army is out in force in BKK today i hope sincerely PET doesnt find out how

an all out civil violent punch up

effects FX rates
I would much rather not have any trouble any more political uncertainty in this country could see one baht costing 10 quid


It will make b----- all difference so check the rates on Monday

[sargeant]

quote PET

It will make b----- all difference so check the rates on Monday

that is the point but a hung parliament WILL ludicrous doesnt make sense

[cookmanchef]

As alluded too by Chopsticks, speculators will trade in £'s purely because it can vary wildly and if they get it right they can make huge profits. THB and other minor Asian currencies only ever rise and fall by small amounts in recent years so speculators don't bother with them.

My opinion, (guess) - Labour or hung parliament = Low 40's, Tory win = Rapid climb to mid 50's followed by roller coaster ride and hitting 60 Q1 next year.