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50 Baht to the Pound


Ckrisg

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Back upto 56.3 today...news that the recession in the UK is over...housing market up, economy may have grown 2 months in a row, manufacturing up for the first time in months....long term inflation might be up as well. All good indicators that things are on the up...so the pound might be on a upward trend...60 here we come!!!!!!

 

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  • 3 weeks later...
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Gordon and his cronies keep on opening their fat mouths so it gets a hit backwards for 2 days .

no credit easilly available from the banks to sustain any growth longterm.despite their injections .but the banks are having a pissup on the cash injections already .

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the other currencies are all in the sh1t as well it just that the speculators havent hit them yet and the baht is underpinned by rapidly depleting foreign reserves which will take long to replenish .

and mega billion loans are on the agenda to further underpin the collapse ....

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