Major falls on Asian stock markets

[Win2Win]

Stocks plummeted in Asia Monday in a dismal start to the week.

More... (http://feeds.bignewsnetwork.com/?sid=299284)

[joebloggs]

£ to php has fallen to 89.3 :yikes: :bigcry: :Brick:

[walesrob]

£ to php has fallen to 89.3 :yikes: :bigcry: :Brick:

Oh great, just as we are about to fly off the the Philippines :NoNo:

[joebloggs]

even worse rob, thats from PNB europe, they alwyas give the best rate. :yikes:
it might be a couple of php less in the malls in the phils etc :doh

[somebody]

so the stocks in asia plummented but the pound went down in value:Erm: i will never understand the stock market.

[baboyako]

so the stocks in asia plummented but the pound went down in value:Erm: i will never understand the stock market.

If the stocks go down, then the yields go up. Assuming risk has not changed then you would expect the currency to strengthen relative to others as people buy into the market.

:REGamblMoney01HL1:

Converse is true also, US cut interest rates, yields go down, stocks go up, dollar falls..

[JAMZ]

Had shares I sold in the Phils as I predicted it would really weaken...Still, I earned...hehehe...

With re to exchange rate, I have the excel spreadsheet of the daily rates and graph and the trend is downward, my pounds are losing it's power... lol..