The Rise and Fall of GBP

Old Jun 15th 2023, 1:09 pm
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Default Re: The Rise and Fall of GBP

Originally Posted by Bealinehx
Agreed. Remember those heady days when 110-120 pesos/£ was the norm?
Yes. Though no pensions then. Later with a house purchase decision I got it wrong when it was about 92 and I thought it would strengthen. The reverse happened.
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Old Jun 19th 2023, 5:10 am
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Default Re: The Rise and Fall of GBP

Originally Posted by Bealinehx
Agreed. Remember those heady days when 110-120 pesos/£ was the norm?
yes we purchased a bank sale property for Uk 18,000, now valued at over 150k Uk equivalent. the boss is happy as it is in her name.
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Old Sep 12th 2023, 11:26 pm
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Default Re: The Rise and Fall of GBP

Wow that's a huge increase, you must be happy. These days, the flats in central London are way too expensive.
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Old Oct 10th 2023, 5:10 pm
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Default Re: The Rise and Fall of GBP

Take heed of IMF's gloomy forecast for the UK. Be prepared for lower £ exchange rates for the foreseeable future.
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Old Oct 10th 2023, 5:40 pm
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Default Re: The Rise and Fall of GBP

hat may happen,yet i am not sure I see any fundamental strength to the peso I suspect both are going backward
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Old Nov 23rd 2023, 7:46 am
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Default Re: The Rise and Fall of GBP

While the pound can't keep above P70 for long some good news from the Chancellor in the Autumn statement. Under the triple lock State Pension to rise by 8.5% in April.
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Old Nov 24th 2023, 10:30 am
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Default Re: The Rise and Fall of GBP

Be warned.
In Thailand overseas remittances are going to b e taxed at the appropriate income tax rate. This will begin during 2024.
As it stands in the Philippines there is no taxation on foreign remittances. With the huge inflow on monies from OFW's I'm sure that the powers that be will be looking at the Thai situation with interest.
So my advice to all is to avail themselves of the double taxation situation.
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Old Nov 24th 2023, 11:23 am
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Default Re: The Rise and Fall of GBP

Originally Posted by Raffin
While the pound can't keep above P70 for long some good news from the Chancellor in the Autumn statement. Under the triple lock State Pension to rise by 8.5% in April.
I understand reading comments elsewhere, that other Government Pensions such Military Pensions will be subject to about 7.5% increase...1% lower. But that's better than a poke in the eye..
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Old Nov 24th 2023, 12:14 pm
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Default Re: The Rise and Fall of GBP

Pretty good. However private company pensions will be no more than 3% on average and in many cases 0.
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Old Nov 24th 2023, 1:22 pm
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Default Re: The Rise and Fall of GBP

Originally Posted by Bealinehx
Be warned.
In Thailand overseas remittances are going to b e taxed at the appropriate income tax rate. This will begin during 2024.
As it stands in the Philippines there is no taxation on foreign remittances. With the huge inflow on monies from OFW's I'm sure that the powers that be will be looking at the Thai situation with interest.
So my advice to all is to avail themselves of the double taxation situation.
\

Thailand and the Philippines very different Looking it up the former only has about 120k overseas workers. Here getting on for 2M and their remittances propping up its GDP and many poor families.I think they wouldn't think of going there for more tax revenue as it would be so unpopular.
However tempting because they haven't got many easy ways to get more revenue. They are still looking to reduce income taxation further here. Hence gimmicks like the Maharlika Sovereign Wealth Fund to fund public spending.
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Old Nov 24th 2023, 1:33 pm
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Default Re: The Rise and Fall of GBP

Agreed, but as I wrote in another post better to be forewarned.
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Old Nov 24th 2023, 3:31 pm
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Default Re: The Rise and Fall of GBP

Originally Posted by Bealinehx
Agreed, but as I wrote in another post better to be forewarned.
​​​​​​...more a warning that retiring to Thailand is an increasingly unattractive proposition. Glad I ruled it out years ago.
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Old May 21st 2024, 7:14 pm
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Default Re: The Rise and Fall of GBP

UK inflation down to 2.3%. Exchange rate as I write is now 73.8 php to the £.
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Old May 22nd 2024, 6:06 am
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Default Re: The Rise and Fall of GBP

Originally Posted by Bealinehx
UK inflation down to 2.3%. Exchange rate as I write is now 73.8 php to the £.
A July General Election announced by PM Sunak at midnight our time.

Good sign...the pound rose v the PhP on the announcement, now just below 74. although it had been slightly over at one point earlier in the day.
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Old May 22nd 2024, 1:32 pm
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Default Re: The Rise and Fall of GBP

Originally Posted by Bealinehx
UK inflation down to 2.3%. Exchange rate as I write is now 73.8 php to the £.
Yes, and more importantly for us in the Philippines relying on pensions, that represents about a 7% annual increase. That coupled with the generous increases in government pensions over the past two years, certainly makes living in the Philippines a lot more comfortable.
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