AUHJohn

How quick before it gets back to 7 to the pound.
It was only 2 months ago it was at 5.20!!

TGFKASE

About f*k'n time... Time to send some dosh home.....!!!

Meow

Not likely, unless you really believe that GBP 1 will be at $2....

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AUHJohn

[QUOTE=Meow;7622717]Not likely, unless you really believe that GBP 1 will be at $2....

Yes but its only a few weeks ago it was all doom and gloom for the UK and the pound was stuffed, now its up over 10% against the Euro and Dollar since March. Whats to stop it getting stronger??

Madam Medusa

this is great news...let's hope it keeps up the upward trend...

MM, xx

diablo

depends what's your salary currency

Robbies

I'd have been sending money home a few months back...

It now costs you 6AED to buy 1 GBP... back at the end of January it would have only cost just over 5 AED to buy 1 GBP

Meow

[QUOTE=AUHJohn;7622739] The fundamentals of the UK ecomony for starters...

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TGFKASE

Sorry, should have said, from US to UK.......

Littlemisscaro

OK I think I'm really being thick here...I don't get all of this converting really and I'm not sure what side I'm supposed to be on...loving the fact that GBP is getting stronger or willing it to get weaker??!!

I get paid in AED and have been (rather depressingly) converting my monthly salary into GBP on xe.com only to watch it drop every day or so even further..am I right in saying that I'm completely screwed? I mean, it's all relative here in Dubai but sending money home is going to be a big no no for me until the pound weakens again...right??!!

glynster

[QUOTE=Littlemisscaro;7624244]OK I think I'm really being thick here...I don't get all of this converting really and I'm not sure what side I'm supposed to be on...loving the fact that GBP is getting stronger or willing it to get weaker??!!

I get paid in AED and have been (rather depressingly) converting my monthly salary into GBP on xe.com only to watch it drop every day or so even further..am I right in saying that I'm completely screwed? I mean, it's all relative here in Dubai but sending money home is going to be a big no no for me until the pound weakens again...right??!! [/QUOTE

If you need any help with your car pm me

hawkhead

Correct. Well, you're not completely screwed - you earn AED in a country where you spend AED so that doesn't make any difference. But if you want to save money it does make a difference: at the moment if you send 6,000AED home it will be 1,000GBP in your UK bank account. A couple of months ago you would only have had to send about 5,000AED home to get the same 1,000GBP saved. So yes, if you want to save money in the UK you want the pound to weaken. Hope that makes sense.

lionheart

As the AED is pegged to the USD, why weren't you sending dosh back to the UK when it was a much better rate? Surely AED6 to the GBP is 20% worse than AED5 for anyone converting US dollars to pound sterling.

Robbies

Why save money in the UK? Interest rates here are generally higher than UK, esp with no tax on the savings.

You should have a chat with a financial advisor here to get some info on what all is available to you

Meow

Oh dear. Sharia Law anyone?

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