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:

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........
 

I heard the American Dollar is gonna collapse :fingerscrossed:

Re: And the pound collapses........
 

hope not

Re: And the pound collapses........
 

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

Re: And the pound collapses........
 

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.

Re: And the pound collapses........
 

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........
 

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........
 

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

Re: And the pound collapses........
 

Further the pound drops the better! Wish the BRL would take a tanking!

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

Re: And the pound collapses........
 

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

Re: And the pound collapses........
 

She's over Lac Fourcroy now

Re: And the pound collapses........
 

Do terrorists have this software you're using?

Re: And the pound collapses........
 

United 938

UA 938

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

Lac Archer now

Re: And the pound collapses........
 

Massive drop on Friday morning (due to the inconclusive election result), with GBP/AED touching 5.3160, GBP/SAR 5.4280, GBP/QAR 5.2690 and GBP/BHD 0.5465, but profit taking helped GBP to climb back to late-Thursday levels.

Still room for more downside in the next few days, I would think, especially if the markets feel that some Con-DimLibs pact is a wishy-washy compromise, with no clear policy or direction likely to emerge. GBP may also suffer if the markets start to feel more confident about the EUR, post-Greece rescue deal.

Re: And the pound collapses........
 

I've been buying Gold since 1987...Not certificates. Real Gold. I got it buried where only me, my wife, and my first son knows where.. I got some hidden where only I know where it is.

Re: And the pound collapses........
 

She'll be over the North Atlantic shortly, boy I hope the Volcano is calm tonight

Re: And the pound collapses........
 

Anything to say about the pound?

Re: And the pound collapses........
 

Ah..I hope it bottoms out while my daughters there in the UK- She's a chronic shopper

Re: And the pound collapses........
 

Crossing over into the Atlantic now. Oh boy, she's scared of flying. I hope she took her Zanex

Re: And the pound collapses........
 

If you tell me where your gold is hidden, I'll let you join my Nigerian based profit-making investment fund.

Re: And the pound collapses........
 

Sorry-I have a lot on my plate right now with my TV Hat™®, Mexican Laundry Mats, and my Shake Weights™®.

Re: And the pound collapses........
 

HAHAHAHA! You're the MAN!

Re: And the pound collapses........
 

Thanks LJ...

My little baby is approaching Greenland now. Bless her little heart. I hope she's ok in her private first class pod

Re: And the pound collapses........
 

What else would you expect with that mess of an outcome? It's not a collapse though. Of late, you have been posting like a tabloid journalist...
-

Re: And the pound collapses........
 

Meow-He knows nothing about Finance

Re: And the pound collapses........
 

Prepare to be clawed...

Re: And the pound collapses........
 

Only Meow truly understands whats happening when it comes to finance..It's just all so confusing to the rest of us

Re: And the pound collapses........
 

My credit score is 847..The only blemish on it is a Vet bill I refused to pay in 2002

Re: And the pound collapses........
 

for your daughter?

Re: And the pound collapses........
 

I'm not even going to dignify that with a response except to say that my daughters are all beauty queens

http://i230.photobucket.com/albums/e...0702_30287.jpg
http://i230.photobucket.com/albums/e...ers3/009-6.jpg

http://i230.photobucket.com/albums/e...eters3/095.jpg

Re: And the pound collapses........
 

You seem to have a problem with light usage in those pics.

Re: And the pound collapses........
 

She is indeed very lovely.

Is that your house? For some inexplicable reason I had you down for a trailer.

Re: And the pound collapses........
 

I live on a paid off 60 acre ranch with cattle, streams, a few ponds...I butchered 2Certified USDA Prime Black Angus animals a few weeks ago

http://i230.photobucket.com/albums/e...rs3/010-13.jpg

Re: And the pound collapses........
 

My daughters flight lands in an hour or so..I told her I'd stay up till she lands, but I just can't do it anymore..Its 4:30 am here (Minnesota) and I have to cook a whole hog with my brother in law this afternoon..I gotta sleep.

Re: And the pound collapses........
 

which one is the model?

Re: And the pound collapses........
 

The one behind the green fence...?

Re: And the pound collapses........
 

Does he realise what he's let himself in for?:rofl::rofl::rofl:

Re: And the pound collapses........
 

:LOL: