Pound v.s Dirham

Old Apr 15th 2009, 9:00 am
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Default Pound v.s Dirham

Hi all,

Just wanted to gauge peoples thoughts on the exchange rate at the moment? The pound seems to be improving against the UAED, is this a trend likely to continue?

Looking to move a (for me) wedge back to the UK and small increaes mean a bit of a difference to be fair...

Thoughts and projections welcomed (and before you ask yes i am looking at a free bit if advice!!!!)
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Old Apr 15th 2009, 9:09 am
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Default Re: Pound v.s Dirham

economists seem to think that the pound will peak at $1.50, before quickly retreating to $1.30, which would mean get your money out now.

Although the same people were saying the pound would be at $1.30 by march, which hasn't quite happened, seems to be swings and roundabouts around $1.45.

In short, its a crystal ball call. Any big news economy wise will make currencies move - and that could happen either way.
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Old Apr 15th 2009, 9:13 am
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Default Re: Pound v.s Dirham

FYI

Wholesale rates today

high low

GBP-AED 5.479 5.3899

GBP-USD 1.492 1.467


Sterling has climbed against the USD due to yesterday's US retail sales figures for March being worse than expected. Inflation and industrial figures are set to be announced later today.

-
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Old Apr 15th 2009, 10:06 am
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Default Re: Pound v.s Dirham

Originally Posted by Sky Blue View Post
Hi all,

Just wanted to gauge peoples thoughts on the exchange rate at the moment? The pound seems to be improving against the UAED, is this a trend likely to continue?

Looking to move a (for me) wedge back to the UK and small increaes mean a bit of a difference to be fair...

Thoughts and projections welcomed (and before you ask yes i am looking at a free bit if advice!!!!)
let's hope it continues the upward trend...it's been hovering around 5.3/5.4 for a while though...

MM, xx
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Old Apr 15th 2009, 10:36 am
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Default Re: Pound v.s Dirham

Originally Posted by Madam Medusa View Post
let's hope it continues the upward trend...it's been hovering around 5.3/5.4 for a while though...

MM, xx
Upwards, Downwards all depends on your circumstances really!!

In 6 months its gone from 7.1 - 4.9 and looks like its on its way back...
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Old Apr 15th 2009, 10:45 am
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Default Re: Pound v.s Dirham

Originally Posted by Sky Blue View Post
Upwards, Downwards all depends on your circumstances really!!

In 6 months its gone from 7.1 - 4.9 and looks like its on its way back...
tell me about it...bring back the 7s...

MM, xx
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Old Apr 15th 2009, 11:09 am
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Default Re: Pound v.s Dirham

Originally Posted by Madam Medusa View Post
tell me about it...bring back the 7s...

MM, xx
Bring back the 4.9s
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Old Apr 15th 2009, 11:23 am
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Default Re: Pound v.s Dirham

Originally Posted by Sky Blue View Post
Bring back the 4.9s
Oh yeah, sorry MM.
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Old Apr 15th 2009, 11:26 am
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Default Re: Pound v.s Dirham

Originally Posted by admon View Post
economists seem to think that the pound will peak at $1.50, before quickly retreating to $1.30, which would mean get your money out now.

Although the same people were saying the pound would be at $1.30 by march, which hasn't quite happened, seems to be swings and roundabouts around $1.45.

In short, its a crystal ball call. Any big news economy wise will make currencies move - and that could happen either way.
No Admon,

It's now around 1.49. If he's sending money to the UK, a lower rate is better, so if it really IS going to 1.30, it's better to wait until it gets there.

I'm waiting for a weaker GBP, if that's any help............

Ignore comments from the likes of MM whose other half agreed to be paid in GBP........
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Old Apr 15th 2009, 11:34 am
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Default Re: Pound v.s Dirham

ahig, what I meant to say was, if they are wrong and it goes the other way, its time to get your money out now..

why did I leave out that bit?
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Old Apr 15th 2009, 12:13 pm
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Default Re: Pound v.s Dirham

Originally Posted by The Dean View Post
Ignore comments from the likes of MM whose other half agreed to be paid in GBP........
who said he agreed...?? whatever, was fine for 3 years, swings and roundabouts i guess, doesn't stop me from wanting it to go back up, despite the fact that i'm actually paid in dhs...

MM, xx
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Old Apr 15th 2009, 4:52 pm
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Default Re: Pound v.s Dirham

Originally Posted by Sky Blue View Post
Bring back the 4.9s
same here, im now on a $$ contract
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