Stokkevn

I will take credit for advising the GBP/P rate, but can't not take it for any info on the Welsh Deli.

quiltman

Think it was me Bazza re Welsh Deli. I've been singing the praises of their sausages etc for a while. I'm down to my last tray of chipolatas so must get order in. Luckily I've found a nice lady in Lapu-Lapu who now does back bacon and not only is it as nice as Roys, it's 130p a kilo cheaper! Means I can justify ordering even more sausages................

mikemike

Over 68p and pay day is the 20th, a celebratory 69

Stokkevn

I assume the celebratory 69 is the expected GBP/P exchange rate and not the position.

Gazza-d

We are going to the State on the 28th, just hope it holds up till then as can't change any money at the moment. The pounds risen on the back of the Bank of England saying interest rate are likely to rise in the coming months.

mikemike

Stokkevn

I think my enthusiasm for the GBP/Ph rate hitting 67.9 may have been a bit premature. Today it has just touched 70, briefly. At this rate it could return to the halcyon days of 106 to the pound. Well we can all dream, can't we.

Gazza-d

It's just teasing me as the £/$ is 1.35 and will fall off a cliff around the 26th two days before I go on holiday.

Raffin

PhP/Pound rate back at the 69! Hopes of it getting well above it's pre Brexit referendum level just dampened by the Governor of the Bank of England's most recent statement that interest rate rises will be "gradual" and "limited". But if UK inflation shows signs of rising more than expected that could all change.

Not been a fan of Mark Carney, ever since his "gloom and doom" forecast pre Brexit referendum, and a week or so ago his teasing statement on UK interest rates was not a good one for his future credibility.

On the negative side there is the continual uncertainty over the Brexit negotiations and whether Mrs May is fully in control of the UK approach.

All may be saved by PhP weakness. Despite the current high economic growth,the markets are looking at future current account deficits widening due to the infrastructure boost, likely rises in inflation affecting the poor, the slow resolution of the Marawi conflict and a fractious political situation, despite there being a government "super majority".

I think that us Brits here will mostly gain from what I think will be a modest Pound rise, unless we spend too much of our pensions on gas, imported product etc.

mikemike

and back to 69 again

thoughts are there may be enough steam in this rise to take it to 75pesos before year end,

Stokkevn

There was a Filipino currency investment guy on ANC the other day who recons the dollar/P rate was going to go up to 53>54 by mid year. So if the GBP follows that trend we could be looking at 74.5. OK can always dream, still remember 109 Peso to the pound.

mikemike

Seems to have found a new base above 70

Stokkevn

If you are quick with BPI you will get 70.7 GBP>Ph

mikemike

71+ and still going up, roll on 75

Bealinehx

Another good sign is that the GBP has strengthened against the almighty USD. Latest rate is USD 1.40/GBP. All bodes well for this year, and about time too.