Egypt’s Pound Falls to New Low, Roiled by Shockwaves of Iran War

Egypt’s pound posted its biggest single-day drop since a devaluation two years ago, as the Middle East’s most populous country continues to be buffeted by the shockwaves of the Iran...

By Mirette Magdy · Bloomberg Markets

Egypt’s pound posted its biggest single-day drop since a devaluation two years ago, as the Middle East’s most populous country continues to be buffeted by the shockwaves of the Iran war.