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GBP falling against AED

Discussion in 'Dubai property' started by mazi, Sep 2, 2008.

  1. mazi

    mazi New Member

    GBP is having its worst days against AED. How do you guys see the currency market in the next few months - is GBP going to continue falling or is it likely to improve?
  2. abudubai

    abudubai New Member

    These things go in cycles. When I came to Dubai, the rate was 5.5 to the pound. Earlier this year it reached nearly 8. It had to come down, or rather the dollar couldn't drop forever.
    Nice time to sell if you're from the UK, can still wait though, it can drop further.
    But it'll go up again at some stage.
  3. Wannaberich

    Wannaberich New Member

    Looks like pound will continue to fall.All the news coming out about the british economy is bad and it looks like we're going into a recession.Interest rates will come down again sometime this year which will make it even weaker.On the other hand it seems the US is getting better.
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