British Expats

British Expats (https://britishexpats.com/forum/)
-   The Sand Pit (https://britishexpats.com/forum/sand-pit-116/)
-   -   And the pound collapses........ (https://britishexpats.com/forum/sand-pit-116/pound-collapses-667213/)

The Dean May 7th 2010 6:22 am

And the pound collapses........
 
At 10am UAE time, GBP/AED was 5.39, GBP/SAR was 5.5030, GBP/BHD was 0.5535, GBP/QAR was 5.3420.............. :thumbup:

lionheart May 7th 2010 8:01 am

Re: And the pound collapses........
 
...and the Euro too versus the Greenback/Dirham, albeit more gradually.
http://www.xe.com/currencycharts/?from=EUR&to=AED if you look at the monthly chart.

shikra May 7th 2010 9:31 am

Re: And the pound collapses........
 

Originally Posted by The Dean (Post 8548750)
At 10am UAE time, GBP/AED was 5.39, GBP/SAR was 5.5030, GBP/BHD was 0.5535, GBP/QAR was 5.3420.............. :thumbup:

I heard the American Dollar is gonna collapse :fingerscrossed:

commander May 7th 2010 9:33 am

Re: And the pound collapses........
 

Originally Posted by shikra (Post 8549007)
I heard the American Dollar is gonna collapse :fingerscrossed:

hope not

shikra May 7th 2010 9:40 am

Re: And the pound collapses........
 

Originally Posted by commander (Post 8549009)
hope not

Let us hope not :)

http://www.x-rates.com/d/USD/EUR/graph120.html

And an interesting story about the US National debt:

http://cedarcomm.com/~stevelm1/usdebt.htm

Ethos83 May 7th 2010 9:41 am

Re: And the pound collapses........
 

Originally Posted by shikra (Post 8549007)
I heard the American Dollar is gonna collapse :fingerscrossed:

Nah, at least not now. If the dollar was to collapse it'd be hell for us living out here as the currencies are tied to the USD. Return of massive inflation, which this region can ill-afford, esp. Dubai.

So far the trend has been the decline of other currencies against the dollar. The Euro is taking a far harder beating against the dollar and may even drop to parity by the end of the year if we start having trouble with the remainder of the PIIGs.

I wouldn't be surprised if the pound drops to 1.35 to the dollar by year's end.

shikra May 7th 2010 9:44 am

Re: And the pound collapses........
 

Originally Posted by Ethos83 (Post 8549025)
Nah, at least not now. If the dollar was to collapse it'd be hell for us living out here as the currencies are tied to the USD. Return of massive inflation, which this region can ill-afford, esp. Dubai.

So far the trend has been the decline of other currencies against the dollar. The Euro is taking a far harder beating against the dollar and may even drop to parity by the end of the year if we start having trouble with the remainder of the PIIGs.

I wouldn't be surprised if the pound drops to 1.35 to the dollar by year's end.

Ethos, you are talking about Dubai, which is in a weak debt. Take a look at the current debt U.S is facing against the Federal Reserve

http://zfacts.com/p/461.html

:fingerscrossed:

Ethos83 May 7th 2010 9:48 am

Re: And the pound collapses........
 
The strength of the currency will be dependent not solely on the size of the debt but also the faith in the country's economy to rebound. Despite the US debt levels, which are indeed staggering, there's more faith in the regeneration of the US economy versus, say, Greece, or even the EU. That's why the euro is sliding against the dollar despite the relatively strong position of Germany and many of the member states.

The US will likely have to answer for its debts at some point - but that time is not quite here yet. Same with the UK.


Originally Posted by shikra (Post 8549031)
Ethos, you are talking about Dubai, which is in a weak debt. Take a look at the current debt U.S is facing against the Federal Reserve

http://zfacts.com/p/461.html

:fingerscrossed:


shikra May 7th 2010 9:50 am

Re: And the pound collapses........
 

Originally Posted by Ethos83 (Post 8549040)
The strength of the currency will be dependent not solely on the size of the debt but also the faith in the country's economy to rebound. Despite the US debt levels, which are indeed staggering, there's more faith in the regeneration of the US economy versus, say, Greece, or even the EU. That's why the euro is sliding against the dollar despite the relatively strong position of Germany and many of the member states.

The US will likely have to answer for its debts at some point - but that time is not quite here yet. Same with the UK.

Correct! Let's hope the faith leads to success ultimately, for both U.S and U.K :)

Brains1983 May 7th 2010 6:40 pm

Re: And the pound collapses........
 
Further the pound drops the better! Wish the BRL would take a tanking!

Malibu Ken May 9th 2010 5:17 am

Re: And the pound collapses........
 
Great News..My Daughter lands at LHR at Noon..Now she can buy more clothes and make up with her dollars..I'm tracking her flight as we speak- She's over the Hudson Bay

Desert Dweller May 9th 2010 5:33 am

Re: And the pound collapses........
 

Originally Posted by Malibu Ken (Post 8552591)
Great News..My Daughter lands at LHR at Noon..Now she can buy more clothes and make up with her dollars..I'm tracking her flight as we speak- She's over the Hudson Bay

And when Germany's economy blows in the next couple of months the Euro will fall even further.

Malibu Ken May 9th 2010 5:43 am

Re: And the pound collapses........
 
She's over Lac Fourcroy now

The Dean May 9th 2010 6:04 am

Re: And the pound collapses........
 

Originally Posted by Malibu Ken (Post 8552624)
She's over Lac Fourcroy now

Do terrorists have this software you're using?

Malibu Ken May 9th 2010 6:07 am

Re: And the pound collapses........
 
United 938

UA 938

http://www.flightstats.com/go/Flight...ightTracker.do

Lac Archer now


All times are GMT. The time now is 3:28 pm.

Powered by vBulletin: ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.