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GBP Sinking.

Discussion in 'Money Matters' started by Jim, Sep 28, 2022.

  1. Jim
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    Jim Well-Known Member Trusted Member

    Just had a peep.
    1.00 British Pound =

    75.746319 Philippine Pesos
  2. oss
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    oss Somewhere Staff Member

    I have a feeling it will break 76 today Tuesday.

    Remitly were offering over 77.1 earlier for new user transfer funded by bank account for amounts up to £1000.
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  3. oss
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    oss Somewhere Staff Member

    Looks like my gut feeling was wrong.
  4. Jim
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    Jim Well-Known Member Trusted Member

    Maybe next week!
  5. Mattecube
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    Mattecube face the sunshine so shadows fall behind you Trusted Member

  6. John Surrey
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    John Surrey Well-Known Member

  7. oss
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    oss Somewhere Staff Member

    The freeze in personal allowances was a trick designed by the Tories to allow them to say they hadn't raised taxes instead of being honest they taxed the poorest the most.

    By now that's baked into the country's financial planning and that's why labour aren't changing it, yet.

    Unpicking 14 years of Tory mismanagement will take time.

    But just take a moment to observe how the almost 100% Tory media very quickly tries to rebrand Tory bulls#it as the policy of the new labour government.
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  8. PhilPensioner
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    PhilPensioner Active Member

    Seems to be very little between them these days...all out for themselves...or their particular ethnic/religious group. I wonder what the good residents of Leeds think of the situation today. :erm:
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  9. oss
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    oss Somewhere Staff Member

    That's a major problem, equate all politics and politicians and you alienate a large part of the centrist voters and the left, the best way for the right winger's to get in is to create apathy in a large portion of the electorate, it's the number one political trope these days.
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  10. John Surrey
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    John Surrey Well-Known Member

    upload_2024-7-20_20-33-19.png

    More hard working people...
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  11. Mattecube
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    Mattecube face the sunshine so shadows fall behind you Trusted Member

  12. John Surrey
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    John Surrey Well-Known Member

    CNN - The last decade has been very lucrative for the world’s super-rich residents, fueling the drive by some advocates to tax them more.

    The top 1% has seen its wealth soar by $42 trillion over the past decade...

    “Inequality has reached obscene levels, and until now governments have failed to protect people and planet from its catastrophic effects,” said Max Lawson, Oxfam International’s head of inequality policy. “The richest one percent of humanity continues to fill their pockets while the rest are left to scrap for crumbs.”
  13. Mattecube
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    Mattecube face the sunshine so shadows fall behind you Trusted Member

  14. Jim
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    Jim Well-Known Member Trusted Member

    Pound sinking again typical just sorted that useless bank again. Only 6 months ago they closed my accounts and had to up load docs to prove I live where I live. And they've done it again.

    1.00 British Pound =

    73.349635 Philippine Pesos
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  15. John Surrey
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    John Surrey Well-Known Member

    Hmmm v ff'ing annoying.
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  16. John Surrey
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    John Surrey Well-Known Member

  17. Heathen
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    Heathen Active Member

  18. Br28016
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    Br28016 Active Member Trusted Member

    Think certain element of promotion in that if raise the transfer value to about 500 gbo the rate goes down.

    That said do use them and they are reasonable especially if want to send cash as opposed to bank account.
  19. oss
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    oss Somewhere Staff Member

    The exchange rate recently momentarily hit a maximum of fractionally over 76 PHP to the pound, I know because I had a Wise auto conversion set up that failed because I had no pounds in my Wise account.

    WU is showing 76.87 at the moment which is way more than the actual FX rate, if you up the amount to £351 (£350 is the cut-over point) you get a rate of 75.6894 and a £3.99 fee that rate is still higher than the actual exchange rate right now so they are doing some sort of offset to their fee, I've seen them do stuff like this before over a decade ago and while it is quite good for a while it never lasts.

    Remittly offer a first time transfer offer on much higher amounts just now, basically the first £1000, I've not tried them yet but I've thought about it, Western Union I hate with a passion just because of how they robbed me blind in the old days 20 years ago.

    upload_2024-10-31_0-58-18.png
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  20. oss
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    oss Somewhere Staff Member

    It hit 76.16 and I converted £700 at that rate a few minutes ago, it's on the way back up again and earlier today was 76.26.

    I might convert a bit more later on I doubt it will stay this high although it would be nice if it did.

    The dollar has weakened a bit and the pound seems generally up a bit for once

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