QE and the exchange rates
 

Its been puzzling my mind recently with the current economic situation in the UK the pound is still gaining value and the Euro is losing value.
:confused:
Then i saw the piece for the IMF encouraging the UK to do round 3 of QE aka. printing more money and inject in the system.http://http://www.independent.co.uk/...y-7784902.html
http://www.independent.co.uk/news/wo...a-7778893.html

Surely, i don't think we have got the full story on this and its impact on tax payers as surely other countries especially cash strapped third world one would have doe this ages ago.

I know folks will say i am a bit selfish but thought as a result of the crisis i could get a bit more pounds for my dirhams.:fingerscrossed:

Re: QE and the exchange rates
 

If you are moving Sterling to UAE Dirhams the rate has actually moved in your favour in the last couple of weeks,

Re: QE and the exchange rates
 

That is good news two weeks back i transferred at 6.02 so looking forward to at least 5.7:thumbsup:

Re: QE and the exchange rates
 

Wholesale rate today for GBP:AED is 5.766 but you won't get that if you use your own bank or a high street currency house. Incidentally the highest wholesale rate for ages has been below 6 so you have been getting a poor rate.

Re: QE and the exchange rates
 

"TO" Dirhams?? No - rate has got worse...............

Re: QE and the exchange rates
 

What rate have you got?

Re: QE and the exchange rates
 

Quite right, my error. Should have said from. It's the weekend and I shouldn't even be thinking about work!

Apologies :o