Re: The Rise and Fall of GBP
 

Overall the Budget was widely approved by the financial community and I am guessing that the dramatic dip was pre Budget nerves.

Re: The Rise and Fall of GBP
 

The dip was after the budget but not serious.
Looks like the market is totally focused on the flood prevention corruption here so Britain can get away with not a good economic outlook.
I didn't mention it in my post as it was a bit unclear, but there was a pledge that no pensioner would pay tax if the increase puts them over the frozen threshold and they have no other pension.
Some sources say it might also apply if you also have other smaller pensions. If you want to read more the BBC put up an article today on it.

Re: The Rise and Fall of GBP
 

Happy New Year especially as the GBP is now at 80 PHP

Re: The Rise and Fall of GBP
 

The pound here again getting into territory not seen for many years:


https://cimg2.ibsrv.net/gimg/british...7602593cc3.png
https://cimg3.ibsrv.net/gimg/british...bea7e90d30.png
So some compensation for the current and expected price increases. For now...

Interesting that the Philippines is being singled out by commentators to be one of the countries in SE Asia most affected by reduced oil supplies from the Gulf. The UK one of the most affected European countries by price rises in energy imports.
So will the rise here go to even higher levels, not seen for a quarter of a century?
Or is it that the effects on Britain have not yet been seen, as they are in the Philippines.
I saw on the BBC Newsnight program last night that preparations are being made for empty food shelves, worst case scenario, later this year. All to do with issues concerning carbon dioxide supplies...if you can believe it!

Re: The Rise and Fall of GBP
 

The CO2 issue was the headline on The BBC Breakfast programme this morning. Something to encourage panic buying a la the Covid era.
In fact nothing but depressing news from Blighty, NHS shortcomings, no direction on Defence spending, and road potholes to highlight just a few.
At least we can enjoy a 4.8% increase in State pensions from this month.

Re: The Rise and Fall of GBP
 

****We can enjoy a 4.8% increase in state pensions....

Add to that the current 8% exchange rate increase.

Re: The Rise and Fall of GBP
 

Taking a 3 year view the pound has appreciated steadily against the Php by more than double that. But given the need for more defence spending in the UK and opposition to welfare cuts looks to me that the triple pensions lock is at some risk of change to maybe a double or single lock. Then there's the fluid political situation developing in the UK. But it's maybe the same here. And the playing out of the flood control scandal, impeachment proceedings are likely reducing confidence in the Philippines. Could be some further pound gains?