The pound

[stevie c]

For those about to travel to the phils & who are sending remmitance the pound is very poor only 66.86 to the peso

It seems like we are going to be stuck with a poor pound to the peso for a while it is only going to get worse it seems

[rusty]

Yet the rate used by the British Embassy is still 72

[stevie c]

Yet the rate used by the British Embassy is still 72

Very strange

[grahamw48]

32 to the pound when I first went there in 1990.

KLM airfare was £700.

Swings and roundabouts I guess.

[stevie c]

32 to the pound when I first went there in 1990.

KLM airfare was £700.

Swings and roundabouts I guess.

Yes but in 1990 you got a lot more for your pound Graham

I remember goung to the phils when it was 98 to the pound

[stevewool]

have never know it to be any differant to what it is , so really i am happy with the rate, yes be great to have more

[grahamw48]

Yes but in 1990 you got a lot more for your pound Graham

I remember goung to the phils when it was 98 to the pound

I can trump that...definitely 100+ on one occasion.

My apartment in 1991 was only p2500 a month though, and just before Pinatubo I rented a posh 5 bedroomed house, shared with a friend for p7000 a month each.

[lastlid]

"So why have sterling and the US$ lost ground against most other currencies in the last month or so? It is very simple. The possibility of further quantitative easing by their central banks - the Bank of England and the Federal Reserve respectively"

Quantitative Easing....and the expectation of it. That appears to be the reason for the poorer exchange rate.......the Bank of England is pumping a heap of money into the UK economy.