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Goldman Sachs estimated that the Egyptian pound was about 30% undervalued and forecast the dollar at 53 pounds in three months, 52 in six months and 50 in 12 months, revising its forecasts higher. The bank cited improved confidence that Middle East tensions would be contained, recommended buying the pound, and said foreign holdings of local debt had declined to about $20 billion from $30 billion at September’s end.
A stronger pound could reduce Egypt’s cost of imported feed and farm inputs, while the revised weaker near-term exchange-rate forecasts point to continued currency risk for buyers.
jarayid.comبوابة الشروقNov 6, 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.
