Sterling to Peso

[fred]

This morning 70.58 and rising

You'd have to go back to May/June 2011 to see that.

Pretty sure this is because of the Typhoon.. Cannot think of any other factor.. Its all good in the end as it encourages OFW`s etc to send more..
IMO.

[jake]

Pretty sure this is because of the Typhoon.. Cannot think of any other factor.. Its all good in the end as it encourages OFW`s etc to send more..
IMO.

Short term that may be the case. The problem is the government has debts to pay and these will become higher if the peso is weak. Less money will then be spent on infrastructure and social projects which as you know are badly needed.