British Expats

British Expats (https://britishexpats.com/forum/)
-   The Sand Pit (https://britishexpats.com/forum/sand-pit-116/)
-   -   Soon be 7 (https://britishexpats.com/forum/sand-pit-116/soon-7-a-610894/)

rowell May 24th 2009 3:48 am

Soon be 7
 
Well the dhs /uk pound rate is certainly gathering momentum, went from 5.6 to 5.92 last week, soon be back to the 7.2 as it was when I arrived.

Madam Medusa May 24th 2009 4:05 am

Re: Soon be 7
 
yahoo....here's hoping so...

MM, xx

klaus3974 May 24th 2009 4:18 am

Re: Soon be 7
 

Originally Posted by rowell (Post 7598905)
Well the dhs /uk pound rate is certainly gathering momentum, went from 5.6 to 5.92 last week, soon be back to the 7.2 as it was when I arrived.

Good to know that there are still some people with faith in the UK Economy.

still.unsure May 24th 2009 6:07 am

Re: Soon be 7
 

Originally Posted by klaus3974 (Post 7598951)
Good to know that there are still some people with faith in the UK Economy.

more like lack of faith in the US

Spugsy May 24th 2009 6:38 am

Re: Soon be 7
 

Originally Posted by rowell (Post 7598905)
Well the dhs /uk pound rate is certainly gathering momentum, went from 5.6 to 5.92 last week, soon be back to the 7.2 as it was when I arrived.

soon? you think so?

Meow May 24th 2009 6:40 am

Re: Soon be 7
 

Originally Posted by rowell (Post 7598905)
Well the dhs /uk pound rate is certainly gathering momentum, went from 5.6 to 5.92 last week, soon be back to the 7.2 as it was when I arrived.


It won't go back to 7 as that means the Sterling:USD rate would have to get to over 1:1.85 (ish) and it won't in the near future.

-

commander May 24th 2009 8:19 am

Re: Soon be 7
 

Originally Posted by Meow (Post 7599110)
It won't go back to 7 as that means the Sterling:USD rate would have to get to over 1:1.85 (ish) and it won't in the near future.

-

firkin hope not....

rowell May 24th 2009 9:05 am

Re: Soon be 7
 

Originally Posted by commander (Post 7599250)
firkin hope not....

So do I but it was 5.19 in Feb, 5.6 at beginning of last week and as I said 5.95 today, interesting to see what it is tomorrow when market starts

commander May 24th 2009 9:16 am

Re: Soon be 7
 

Originally Posted by rowell (Post 7599326)
So do I but it was 5.19 in Feb, 5.6 at beginning of last week and as I said 5.95 today, interesting to see what it is tomorrow when market starts

*why oh why did i swap from a GBP to a USD contract.....

still.unsure May 24th 2009 9:45 am

Re: Soon be 7
 

Originally Posted by commander (Post 7599340)
*why oh why did i swap from a GBP to a USD contract.....

:D

stick with the USD (for now) the GBP is only getting better by virtue of the USD being weaker. so it's no real confidence (more or less) in the GBP, it's just lack of confidence in the USD. even then, this is more of a 'blip' than anything else based on a few sensationalist reports. (yes, the US needs to worry about inflation, but we haven't even begun to see the turn around and the US really pick up)

so, the USD may be a little lower (maybe 1.65) for a week or two, then we'll see it go back down below the 1.60 mark and stay there until after the british elections. (then god knows after that!)

(right, i've written it now, let's watch this all come back and bite me in the arse! :o )

commander May 24th 2009 9:55 am

Re: Soon be 7
 

Originally Posted by still.unsure (Post 7599379)
:D

stick with the USD (for now) the GBP is only getting better by virtue of the USD being weaker. so it's no real confidence (more or less) in the GBP, it's just lack of confidence in the USD. even then, this is more of a 'blip' than anything else based on a few sensationalist reports. (yes, the US needs to worry about inflation, but we haven't even begun to see the turn around and the US really pick up)

so, the USD may be a little lower (maybe 1.65) for a week or two, then we'll see it go back down below the 1.60 mark and stay there until after the british elections. (then god knows after that!)

(right, i've written it now, let's watch this all come back and bite me in the arse! :o )


i did get a 1.79 transfer rate so its not all bad.....

TGFKASE May 25th 2009 5:59 am

Re: Soon be 7
 
Aye, I was on a USD contract from 2001 till 2007, then was switched to a GBP contract... Pretty sure I have lost a couple of annual salaries worth in exchange rate calculations....:(

Norm_uk May 25th 2009 8:02 am

Re: Soon be 7
 

Originally Posted by commander (Post 7599340)
*why oh why did i swap from a GBP to a USD contract.....

Because you live here and the local currency is pegged to the dollar so you won't have to suffer effective income drops of 20% plus within a few months just because there's a recession on perhaps?

N.

klaus3974 May 25th 2009 8:53 am

Re: Soon be 7
 

Originally Posted by Norm_uk (Post 7601422)
Because you live here and the local currency is pegged to the dollar so you won't have to suffer effective income drops of 20% plus within a few months just because there's a recession on perhaps?

N.

That clearly depends on where you spend most of your money, right? If you have housing, education, health, car, etc paid for... it is not clear to me that you would prefer to be paid in dirhams instead of GBP.

moto111 May 25th 2009 2:59 pm

Re: Soon be 7
 
doesn't really both me, I get paid in Dinky D's, and spend them, and then spend more, and then more - occasionally saving them (if I really have to) - I try not to convert back to pounds but have obviously taken advantage of the low rate against the pound recently by transferring so that I can go and spend even more next week in the UK:rofl:


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