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The Egyptian pound strengthened last week, reaching about 53.87 per dollar for buying and 53.97 for selling, after losing 2.12 pounds against the dollar during October and touching a record low of 56.32. The recovery coincided with foreign investors recording about $400 million in net inflows into local Treasury bills, reversing net outflows of roughly $1.5 billion in the week ending October 29.
Foreign inflows supported the pound and eased pressure on the exchange rate, which can lower the local cost of imported feed and inputs if the move persists. The development is bearish for the US dollar-to-pound rate, though renewed geopolitical tension or capital outflows could reverse the support.
nabd.wsNov 7, 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.
