Egyptian Pound Weakens Past Milestone as Mideast Conflict Rages

Egypt’s pound weakened past the milestone of 50 per dollar, demonstrating investors’ fears over the prospect of a prolonged conflict in the Middle East.

By Mirette Magdy, Tarek El-Tablawy · Bloomberg Markets

Egypt’s pound weakened past the milestone of 50 per dollar, demonstrating investors’ fears over the prospect of a prolonged conflict in the Middle East.