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And the pound collapses........

And the pound collapses........

Old May 7th 2010, 7:22 am
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Default 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..............
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Old May 7th 2010, 9:01 am
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Default 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.

Last edited by lionheart; May 7th 2010 at 9:06 am.
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Old May 7th 2010, 10:31 am
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Default Re: And the pound collapses........

Originally Posted by The Dean View Post
At 10am UAE time, GBP/AED was 5.39, GBP/SAR was 5.5030, GBP/BHD was 0.5535, GBP/QAR was 5.3420..............
I heard the American Dollar is gonna collapse
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Old May 7th 2010, 10:33 am
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Default Re: And the pound collapses........

Originally Posted by shikra View Post
I heard the American Dollar is gonna collapse
hope not
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Old May 7th 2010, 10:40 am
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Default Re: And the pound collapses........

Originally Posted by commander View Post
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
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Old May 7th 2010, 10:41 am
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Default Re: And the pound collapses........

Originally Posted by shikra View Post
I heard the American Dollar is gonna collapse
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.
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Old May 7th 2010, 10:44 am
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Default Re: And the pound collapses........

Originally Posted by Ethos83 View Post
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

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Old May 7th 2010, 10:48 am
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Default 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 View Post
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

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Old May 7th 2010, 10:50 am
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Default Re: And the pound collapses........

Originally Posted by Ethos83 View Post
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
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Old May 7th 2010, 7:40 pm
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Default Re: And the pound collapses........

Further the pound drops the better! Wish the BRL would take a tanking!
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Old May 9th 2010, 6:17 am
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Default 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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Old May 9th 2010, 6:33 am
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Default Re: And the pound collapses........

Originally Posted by Malibu Ken View Post
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.
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Old May 9th 2010, 6:43 am
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Default Re: And the pound collapses........

She's over Lac Fourcroy now
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Old May 9th 2010, 7:04 am
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Default Re: And the pound collapses........

Originally Posted by Malibu Ken View Post
She's over Lac Fourcroy now
Do terrorists have this software you're using?
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Old May 9th 2010, 7:07 am
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Default Re: And the pound collapses........

United 938

UA 938

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

Lac Archer now
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