Soon be 7

Old May 24th 2009, 3:48 am
  #1  
Thread Starter
 
rowell's Avatar
 
Joined: Jun 2008
Posts: 1,271
rowell has a reputation beyond reputerowell has a reputation beyond reputerowell has a reputation beyond reputerowell has a reputation beyond reputerowell has a reputation beyond reputerowell has a reputation beyond reputerowell has a reputation beyond reputerowell has a reputation beyond reputerowell has a reputation beyond reputerowell has a reputation beyond reputerowell has a reputation beyond repute
Default 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.
rowell is offline  
Old May 24th 2009, 4:05 am
  #2  
Lost in BE Cyberspace
 
Madam Medusa's Avatar
 
Joined: Sep 2006
Posts: 18,187
Madam Medusa has a reputation beyond reputeMadam Medusa has a reputation beyond reputeMadam Medusa has a reputation beyond reputeMadam Medusa has a reputation beyond reputeMadam Medusa has a reputation beyond reputeMadam Medusa has a reputation beyond reputeMadam Medusa has a reputation beyond reputeMadam Medusa has a reputation beyond reputeMadam Medusa has a reputation beyond reputeMadam Medusa has a reputation beyond reputeMadam Medusa has a reputation beyond repute
Default Re: Soon be 7

yahoo....here's hoping so...

MM, xx
Madam Medusa is offline  
Old May 24th 2009, 4:18 am
  #3  
BE Enthusiast
 
klaus3974's Avatar
 
Joined: Apr 2008
Posts: 380
klaus3974 has much to be proud ofklaus3974 has much to be proud ofklaus3974 has much to be proud ofklaus3974 has much to be proud ofklaus3974 has much to be proud ofklaus3974 has much to be proud ofklaus3974 has much to be proud ofklaus3974 has much to be proud ofklaus3974 has much to be proud ofklaus3974 has much to be proud ofklaus3974 has much to be proud of
Default Re: Soon be 7

Originally Posted by rowell View Post
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.
klaus3974 is offline  
Old May 24th 2009, 6:07 am
  #4  
 
Joined: Apr 2008
Posts: 872
still.unsure is a splendid one to beholdstill.unsure is a splendid one to beholdstill.unsure is a splendid one to beholdstill.unsure is a splendid one to beholdstill.unsure is a splendid one to beholdstill.unsure is a splendid one to beholdstill.unsure is a splendid one to beholdstill.unsure is a splendid one to beholdstill.unsure is a splendid one to beholdstill.unsure is a splendid one to beholdstill.unsure is a splendid one to behold
Default Re: Soon be 7

Originally Posted by klaus3974 View Post
Good to know that there are still some people with faith in the UK Economy.
more like lack of faith in the US
still.unsure is offline  
Old May 24th 2009, 6:38 am
  #5  
why ayeeeee man!
 
Spugsy's Avatar
 
Joined: Jan 2008
Location: Disco Gardens...
Posts: 11,370
Spugsy has a reputation beyond reputeSpugsy has a reputation beyond reputeSpugsy has a reputation beyond reputeSpugsy has a reputation beyond reputeSpugsy has a reputation beyond reputeSpugsy has a reputation beyond reputeSpugsy has a reputation beyond reputeSpugsy has a reputation beyond reputeSpugsy has a reputation beyond reputeSpugsy has a reputation beyond reputeSpugsy has a reputation beyond repute
Default Re: Soon be 7

Originally Posted by rowell View Post
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?
Spugsy is offline  
Old May 24th 2009, 6:40 am
  #6  
Bored liberal
 
Meow's Avatar
 
Joined: Feb 2007
Location: Over there ----->
Posts: 13,704
Meow has a reputation beyond reputeMeow has a reputation beyond reputeMeow has a reputation beyond reputeMeow has a reputation beyond reputeMeow has a reputation beyond reputeMeow has a reputation beyond reputeMeow has a reputation beyond reputeMeow has a reputation beyond reputeMeow has a reputation beyond reputeMeow has a reputation beyond reputeMeow has a reputation beyond repute
Default Re: Soon be 7

Originally Posted by rowell View Post
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.

-
Meow is offline  
Old May 24th 2009, 8:19 am
  #7  
banned
 
Joined: Oct 2008
Posts: 7,609
commander has a reputation beyond reputecommander has a reputation beyond reputecommander has a reputation beyond reputecommander has a reputation beyond reputecommander has a reputation beyond reputecommander has a reputation beyond reputecommander has a reputation beyond reputecommander has a reputation beyond reputecommander has a reputation beyond reputecommander has a reputation beyond reputecommander has a reputation beyond repute
Default Re: Soon be 7

Originally Posted by Meow View Post
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....
commander is offline  
Old May 24th 2009, 9:05 am
  #8  
Thread Starter
 
rowell's Avatar
 
Joined: Jun 2008
Posts: 1,271
rowell has a reputation beyond reputerowell has a reputation beyond reputerowell has a reputation beyond reputerowell has a reputation beyond reputerowell has a reputation beyond reputerowell has a reputation beyond reputerowell has a reputation beyond reputerowell has a reputation beyond reputerowell has a reputation beyond reputerowell has a reputation beyond reputerowell has a reputation beyond repute
Default Re: Soon be 7

Originally Posted by commander View Post
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
rowell is offline  
Old May 24th 2009, 9:16 am
  #9  
banned
 
Joined: Oct 2008
Posts: 7,609
commander has a reputation beyond reputecommander has a reputation beyond reputecommander has a reputation beyond reputecommander has a reputation beyond reputecommander has a reputation beyond reputecommander has a reputation beyond reputecommander has a reputation beyond reputecommander has a reputation beyond reputecommander has a reputation beyond reputecommander has a reputation beyond reputecommander has a reputation beyond repute
Default Re: Soon be 7

Originally Posted by rowell View Post
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.....
commander is offline  
Old May 24th 2009, 9:45 am
  #10  
 
Joined: Apr 2008
Posts: 872
still.unsure is a splendid one to beholdstill.unsure is a splendid one to beholdstill.unsure is a splendid one to beholdstill.unsure is a splendid one to beholdstill.unsure is a splendid one to beholdstill.unsure is a splendid one to beholdstill.unsure is a splendid one to beholdstill.unsure is a splendid one to beholdstill.unsure is a splendid one to beholdstill.unsure is a splendid one to beholdstill.unsure is a splendid one to behold
Default Re: Soon be 7

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


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! )
still.unsure is offline  
Old May 24th 2009, 9:55 am
  #11  
banned
 
Joined: Oct 2008
Posts: 7,609
commander has a reputation beyond reputecommander has a reputation beyond reputecommander has a reputation beyond reputecommander has a reputation beyond reputecommander has a reputation beyond reputecommander has a reputation beyond reputecommander has a reputation beyond reputecommander has a reputation beyond reputecommander has a reputation beyond reputecommander has a reputation beyond reputecommander has a reputation beyond repute
Default Re: Soon be 7

Originally Posted by still.unsure View Post


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! )

i did get a 1.79 transfer rate so its not all bad.....
commander is offline  
Old May 25th 2009, 5:59 am
  #12  
Go on.. Pull my finger..
 
TGFKASE's Avatar
 
Joined: Jul 2008
Location: Dubai
Posts: 5,707
TGFKASE has a reputation beyond reputeTGFKASE has a reputation beyond reputeTGFKASE has a reputation beyond reputeTGFKASE has a reputation beyond reputeTGFKASE has a reputation beyond reputeTGFKASE has a reputation beyond reputeTGFKASE has a reputation beyond reputeTGFKASE has a reputation beyond reputeTGFKASE has a reputation beyond reputeTGFKASE has a reputation beyond reputeTGFKASE has a reputation beyond repute
Default 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....
TGFKASE is offline  
Old May 25th 2009, 8:02 am
  #13  
MODERATOR
 
Norm_uk's Avatar
 
Joined: Dec 2004
Location: Dubai
Posts: 6,265
Norm_uk has a reputation beyond reputeNorm_uk has a reputation beyond reputeNorm_uk has a reputation beyond reputeNorm_uk has a reputation beyond reputeNorm_uk has a reputation beyond reputeNorm_uk has a reputation beyond reputeNorm_uk has a reputation beyond reputeNorm_uk has a reputation beyond reputeNorm_uk has a reputation beyond reputeNorm_uk has a reputation beyond reputeNorm_uk has a reputation beyond repute
Default Re: Soon be 7

Originally Posted by commander View Post
*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.
Norm_uk is offline  
Old May 25th 2009, 8:53 am
  #14  
BE Enthusiast
 
klaus3974's Avatar
 
Joined: Apr 2008
Posts: 380
klaus3974 has much to be proud ofklaus3974 has much to be proud ofklaus3974 has much to be proud ofklaus3974 has much to be proud ofklaus3974 has much to be proud ofklaus3974 has much to be proud ofklaus3974 has much to be proud ofklaus3974 has much to be proud ofklaus3974 has much to be proud ofklaus3974 has much to be proud ofklaus3974 has much to be proud of
Default Re: Soon be 7

Originally Posted by Norm_uk View Post
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.
klaus3974 is offline  
Old May 25th 2009, 2:59 pm
  #15  
???
 
moto111's Avatar
 
Joined: Apr 2009
Location: dubai
Posts: 355
moto111 is a splendid one to beholdmoto111 is a splendid one to beholdmoto111 is a splendid one to beholdmoto111 is a splendid one to beholdmoto111 is a splendid one to beholdmoto111 is a splendid one to beholdmoto111 is a splendid one to beholdmoto111 is a splendid one to beholdmoto111 is a splendid one to beholdmoto111 is a splendid one to beholdmoto111 is a splendid one to behold
Default 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
moto111 is offline  

Contact Us Archive Advertising Cookie Policy Privacy Statement Terms of Service

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.