GBP/AED hits 6.85...............
Aug 13th 2008, 2:18 pm
#1
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GBP/AED hits 6.85...............
Aug 13th 2008, 2:20 pm
#2
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Aug 13th 2008, 2:30 pm
#4
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Aug 13th 2008, 3:12 pm
#5
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Re: GBP/AED hits 6.85...............
Did the GBP become weaker or did the AED become stronger?
Aug 13th 2008, 3:27 pm
#6
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Re: GBP/AED hits 6.85...............
Its temporary USD strength. The chart does look dramatic but its rather deceptive as the rate has not even fallen 10% yet.
Aug 13th 2008, 3:37 pm
#7
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Re: GBP/AED hits 6.85...............
The chart looks more dramatic than it is because it doesn't start at zero. As Shadya says, it is less than a 10% fall but if you are sending money home, or want to return home with some money in the bank one day it is at least a move in the right direction.
My understanding is that the dollar has strengthened because of a fall in the price of oil while the pound has weakened because our economy is in danger of collapsing into a soggy heap on the floor. I can't see our (ie the UK) economy suddenly improving so the rate may yet continue to improve for a while.
My understanding is that the dollar has strengthened because of a fall in the price of oil while the pound has weakened because our economy is in danger of collapsing into a soggy heap on the floor. I can't see our (ie the UK) economy suddenly improving so the rate may yet continue to improve for a while.
Aug 13th 2008, 5:30 pm
#8
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Re: GBP/AED hits 6.85...............
bad news for me...let's hope it goes back up to 7+ soon...
MM, xx
MM, xx
Aug 13th 2008, 6:12 pm
#9
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Aug 13th 2008, 8:01 pm
#10
why ayeeeee man!
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Re: GBP/AED hits 6.85...............
The chart looks more dramatic than it is because it doesn't start at zero. As Shadya says, it is less than a 10% fall but if you are sending money home, or want to return home with some money in the bank one day it is at least a move in the right direction.
My understanding is that the dollar has strengthened because of a fall in the price of oil while the pound has weakened because our economy is in danger of collapsing into a soggy heap on the floor. I can't see our (ie the UK) economy suddenly improving so the rate may yet continue to improve for a while.
My understanding is that the dollar has strengthened because of a fall in the price of oil while the pound has weakened because our economy is in danger of collapsing into a soggy heap on the floor. I can't see our (ie the UK) economy suddenly improving so the rate may yet continue to improve for a while.
Aug 13th 2008, 8:01 pm
#11
why ayeeeee man!
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Aug 13th 2008, 8:02 pm
#13
why ayeeeee man!
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Posts: 11,370
Re: GBP/AED hits 6.85...............
The chart looks more dramatic than it is because it doesn't start at zero. As Shadya says, it is less than a 10% fall but if you are sending money home, or want to return home with some money in the bank one day it is at least a move in the right direction.
My understanding is that the dollar has strengthened because of a fall in the price of oil while the pound has weakened because our economy is in danger of collapsing into a soggy heap on the floor. I can't see our (ie the UK) economy suddenly improving so the rate may yet continue to improve for a while.
My understanding is that the dollar has strengthened because of a fall in the price of oil while the pound has weakened because our economy is in danger of collapsing into a soggy heap on the floor. I can't see our (ie the UK) economy suddenly improving so the rate may yet continue to improve for a while.
whats the downside to this then??