United Arab Emirates Dirham

The pound to dirham exchange rate (GBP/AED) looks poised to recover over the coming days.

GBP/AED retains a constructive setup as it enters the new week, with price action suggesting the recent consolidation phase has laid the groundwork for further gains.

The pound to dirham exchange rate looks vulnerable to further losses in the week ahead as a post-January peak consolidation continues to grind lower.

The pound rises towards the 4-month high-water mark against the UAE Dirham.

The pound to dirham exchange rate (GBP/AED) rises to 4.9419, a daily gain of 0.45%, and we forecast a constructive week of trade ahead.

GBP/AED has been trending higher, with technical studies suggesting that further upside can be expected over the next three months.