Egypt’s pound has slipped to its lowest level since a devaluation in March, amid a broad sell-off in emerging markets and increased local demand for dollars. The pound is trading at about 49.8 ...

The pound fell more than 2% on the offshore market, before paring some of its losses to trade at 51.43 per dollar at 12:10 p.m. in Cairo on Monday. It was the biggest decline since authorities in ...

The pound is trading at about 49.8 against the US currency, its weakest since Egypt let it plunge nearly 40% in a bid to attract foreign funding and stem a two-year economic crisis.