Loading…
Foreign investors withdrew $3.5 billion from Egyptian treasury bills in October, more than four times September's outflow. The pound slid to near record lows, and the central bank raised its overnight deposit rate by 100 basis points to 20% on 29 October.
Capital outflows and a weaker pound raise the cost of imported feed grains and meals for Egypt, a major importer. Rising oil prices add to dollar demand, which pressures Egyptian feed buying.
intellinews.combne IntelliNewsNov 2, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
