peso rate

[somebody]

I believe part of the rise is the UK has faced up to the fact it has to start sorting its finances which the currency traders liked. Also recently the BOE stopped printing extra money at least for now. But like Jim n others say its not looking good.

Many who are saying what recession are only saying due to low interest rates I know of many who have never been so well off. But unless they have been knocking down the amounts they own with the spare money many may get hit if interest rates shoot up..


Jim i agree what you say about OFW's plenty round our way and in other western countries wondering what they will do, many have drained their resources it seems ie savings and maxed cards to keep up face. Seen quite a few Phills not driving the Honda's round and walking/busing it in the local area.

I think many of those who are thinking of moving from Phill to work as OFW's and those who start a Brit phil relationship need to always think can they mange if the Sterling to peso rate was far far worse than it is. Same with those planing on living on pensions,savings and investments from the west in Phill. if your 60 or 70 you can easily live to 90 plus that's twenty or thirty years in that time I would not be surprised if most remittances are from east to west rather than what occurs now. Plus at some point the west is going to want to hyperinflate away debt surely? That large sum in the bank may not keep up...

[JimOttley]

Yeah Andy, I don't really understand the short term movements, they seem to be based on immediate day to day sentiment not some rational assessment of the real long term economy. It must just all be bets on margin somehow, wish I understood it better

I liked your "Honda" comment, I've always driven Honda's, even long before I met Ana, sadly my S2000 that I had for 4 years went for exactly those kind of reasons as the financial pressure increased a couple of year ago :(

Loved that car



You are dead right about the pensions, savings and investments, we will hyperinflate at some point and if that happens too soon all my plans for the future will go up in smoke :(

I believe part of the rise is the UK has faced up to the fact it has to start sorting its finances which the currency traders liked. Also recently the BOE stopped printing extra money at least for now. But like Jim n others say its not looking good.

Many who are saying what recession are only saying due to low interest rates I know of many who have never been so well off. But unless they have been knocking down the amounts they own with the spare money many may get hit if interest rates shoot up..


Jim i agree what you say about OFW's plenty round our way and in other western countries wondering what they will do, many have drained their resources it seems ie savings and maxed cards to keep up face. Seen quite a few Phills not driving the Honda's round and walking/busing it in the local area.

I think many of those who are thinking of moving from Phill to work as OFW's and those who start a Brit phil relationship need to always think can they mange if the Sterling to peso rate was far far worse than it is. Same with those planing on living on pensions,savings and investments from the west in Phill. if your 60 or 70 you can easily live to 90 plus that's twenty or thirty years in that time I would not be surprised if most remittances are from east to west rather than what occurs now. Plus at some point the west is going to want to hyperinflate away debt surely? That large sum in the bank may not keep up...