OnePress
The Egyptian pound recorded a new decline against the US dollar, bringing the price of the dollar to the level of 56 pounds, amid continued pressure on the local currency.
These developments follow sharp losses in the Egyptian indices during the previous trading session, as Egyptian stocks try to bounce back upwards in an attempt to offset some of their losses.
The decline in the pound comes at a time when markets are waiting for exchange rate movements and the performance of financial indicators, amid follow-up to the repercussions of economic developments on the local currency and Egyptian markets.