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:
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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. |
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:
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Re: And the pound collapses........
Originally Posted by shikra
(Post 8549007)
I heard the American Dollar is gonna collapse :fingerscrossed:
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Re: And the pound collapses........
Originally Posted by commander
(Post 8549009)
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 |
Re: And the pound collapses........
Originally Posted by shikra
(Post 8549007)
I heard the American Dollar is gonna collapse :fingerscrossed:
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. |
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. http://zfacts.com/p/461.html :fingerscrossed: |
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: |
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. |
Re: And the pound collapses........
Further the pound drops the better! Wish the BRL would take a tanking!
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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
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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
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Re: And the pound collapses........
She's over Lac Fourcroy now
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Re: And the pound collapses........
Originally Posted by Malibu Ken
(Post 8552624)
She's over Lac Fourcroy now
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Re: And the pound collapses........
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