Originally Posted by Northerner
1.00 GBP = 80.4449 PHP.... as of 01.08 BST
Still, not so bad..
I think the B of E saying quantitative easing will continue shocked the city bods who it seemed strangely many seem to think we were on the mend. Some thought it might be 25 or even nothing instead they went for 50 billionSaying they have no idea if its working or not yet and will have no idea for a long time they also don't know yet where the money has gone. Mr admin boss po was it you i saw down in threadneedle street with the wheelbarrows of cash
I read the other day its rumoured now that the bank of England will keep printing 25 billion or more a month
Many people I have asked were worried that the Pound was gaining in strength and they wanted a weaker poundIm guessing their partners are not phills
Did others notice last month many seemed to be trying to talking up the British economy, while things have settled and people started to be a bit more sensible. People have gone back to trying to stretch buying houses already near me i can think of three houses deals that have fallen though.
Hopefully things are on the up and its just a blip, and these people were just unlucky.
The nasty worry is the W predicted by many economists seems to at the half way point. Many companies barely survived the last drop let alone another plus all the public bodies need to start shed jobs and reducing spending soon surely
Anyway the weekend is here the Wifes sent her money for the month and hopefully in a months time the Philippines will have decided to print money sorry quantitative easing is the way forward
