theforexportal

SELL THB/GBP Good opportunity for a SET & FORGET SHORT trade

Short
FX_IDC:THBGBP   THAI BAHT / BRITISH POUND
Having lived in Thailand for 7 years I frequently watch the Thai Baht exchange rate. Since I left in 2010 and before the THB has strengthened against the GBP. At one time I was getting BAHT to the GBP now its exactly half that.
My contacts in Thailand are telling me Thailand is suffering as a consequence of Covid-19 hitting the tourism sector hard and the economy is poised to fall into recession which may be long. Looks a good time to SELL THB/GBP for a trade that might be active for many months possibly years.