Bank of England cuts by 1.50 percent!!!!
Jan 24th 2009, 7:44 am
#31
Lost in BE Cyberspace
Joined: Jun 2007
Location: Dubai
Posts: 13,547
Re: Bank of England cuts by 1.50 percent!!!!
and its not too long ago that people were crying out for a revaluation of the Dirham as it was too weak.
now people are complaining its too strong against sterling. Never bloody happy you lot
now people are complaining its too strong against sterling. Never bloody happy you lot
Jan 25th 2009, 2:01 am
#34
Lost in BE Cyberspace
Thread Starter
Joined: Jul 2007
Posts: 13,553
Re: Bank of England cuts by 1.50 percent!!!!
That's a GBP v USD question (while the currency peg remains in place for USD/AED).
The US is now regarded as one of the very few safe havens for international investors (despite near-zero interest rates), and although the USD fell back a bit on Friday p.m., it still looks the currency of choice from where I'm sitting.........
GBP/USD? Bearing in mind how quickly it fell from 1.50-plus to well below 1.40, don't assume anything that 'cannot happen'............
1.35 will surely crumble, then 1.30............ I'd be interested to see how the market reacts near 1.25.
So GBP/AED............ 4.50-ish??
The US is now regarded as one of the very few safe havens for international investors (despite near-zero interest rates), and although the USD fell back a bit on Friday p.m., it still looks the currency of choice from where I'm sitting.........
GBP/USD? Bearing in mind how quickly it fell from 1.50-plus to well below 1.40, don't assume anything that 'cannot happen'............
1.35 will surely crumble, then 1.30............ I'd be interested to see how the market reacts near 1.25.
So GBP/AED............ 4.50-ish??
Last edited by The Dean; Jan 25th 2009 at 2:02 am. Reason: t
