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-   -   GBP/AED drops below 6.00.......... (https://britishexpats.com/forum/sand-pit-116/gbp-aed-drops-below-6-00-a-568585/)

The Dean Oct 22nd 2008 5:12 am

GBP/AED drops below 6.00..........
 
1 Attachment(s)
:blink:

Autonomy Oct 22nd 2008 5:40 am

Re: GBP/AED drops below 6.00..........
 

Originally Posted by The Dean (Post 6898323)
:blink:

I'm not clicking that....:eek:

The Dean Oct 22nd 2008 5:56 am

Re: GBP/AED drops below 6.00..........
 

Originally Posted by Autonomy (Post 6898350)
I'm not clicking that....:eek:

My 'salary' has risen by 12% in a month.........

......... but if my wife calls you, can you tell her that GBP/USD is still above 2.00 please.........?

Meow Oct 22nd 2008 6:22 am

Re: GBP/AED drops below 6.00..........
 
The rate is moving back up. Now over 6.

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scarletfan Oct 22nd 2008 6:35 am

Re: GBP/AED drops below 6.00..........
 

Originally Posted by Meow (Post 6898409)
The rate is moving back up. Now over 6.

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Keep rising, Keep rising.
I'm one of the unfortunates that gets paid in GBP back in the UK!
Ouch.

MrsHaps Oct 22nd 2008 6:37 am

Re: GBP/AED drops below 6.00..........
 
Wow i didnt think it would drop that low! huh!

Meow Oct 22nd 2008 6:47 am

Re: GBP/AED drops below 6.00..........
 

Originally Posted by scarletfan (Post 6898426)
Keep rising, Keep rising.
I'm one of the unfortunates that gets paid in GBP back in the UK!
Ouch.


Then you should have moved into Dirhams when the rate was at 7.4%. ;)


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scarletfan Oct 22nd 2008 6:52 am

Re: GBP/AED drops below 6.00..........
 

Originally Posted by Meow (Post 6898444)
Then you should have moved into Dirhams when the rate was at 7.4%. ;)


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Unfortunately, the company I work for refuse to pay locally, only back in the UK! Yet another reason for changing jobs.

Meow Oct 22nd 2008 7:06 am

Re: GBP/AED drops below 6.00..........
 

Originally Posted by scarletfan (Post 6898449)
Unfortunately, the company I work for refuse to pay locally, only back in the UK! Yet another reason for changing jobs.


No - you misunderstand. You should have moved your money in Sterling to Dirhams at over 7%. If you had, you would be finding things here much cheaper right now.

It pays to watch markets. ;)


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The Dean Oct 22nd 2008 7:29 am

Re: GBP/AED drops below 6.00..........
 

Originally Posted by Meow (Post 6898477)
No - you misunderstand. You should have moved your money in Sterling to Dirhams at over 7%. If you had, you would be finding things here much cheaper right now.

It pays to watch markets. ;)


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This advice is brought to you by courtesy of Henrietta Hindsight, BE's favourite exchange rate guru.................

Meow Oct 22nd 2008 7:34 am

Re: GBP/AED drops below 6.00..........
 

Originally Posted by The Dean (Post 6898517)
This advice is brought to you by courtesy of Henrietta Hindsight, BE's favourite exchange rate guru.................


Cheeky git.

Some of us have managed to make money from currency market volatility (over several years). You just need to do a little more than whinge about it.


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lionheart Oct 22nd 2008 7:53 am

Re: GBP/AED drops below 6.00..........
 
Yesterday it was 6.30 so what caused the sudden drop?

Meow Oct 22nd 2008 7:59 am

Re: GBP/AED drops below 6.00..........
 
Mervyn King (Govenor of the Bank of England) warned that the UK was heading for recession so Sterling fell against the US Dollar. It hit its lowest rate for five years.


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Chesney Hawkes Oct 22nd 2008 9:25 am

Re: GBP/AED drops below 6.00..........
 

Originally Posted by Meow (Post 6898582)
Mervyn King (Govenor of the Bank of England) warned that the UK was heading for recession so Sterling fell against the US Dollar. It hit its lowest rate for five years.


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I was told this week by my boss that historically the US $ rallies against the UK £ following the election of a new president - can anybody back up his claim. As a young pup myself i've never really taken an interest in this before and yes I know that nothing is guaranteed....!

BangleMan Oct 22nd 2008 9:58 am

Re: GBP/AED drops below 6.00..........
 

Originally Posted by scarletfan (Post 6898426)
Keep rising, Keep rising.
I'm one of the unfortunates that gets paid in GBP back in the UK!
Ouch.

I get paid in USD, so keep dropping baby, keep dropping.....


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