Goldman Sachs predicts dollar to reach 46 pounds in a year

Goldman Sachs Bank expects the Egyptian pound to continue rising against the dollar, reaching 46 pounds within 12 months. There are also expectations of several temporary increases, reaching 49 pounds in the next three months and 48 pounds in six months. The bank based its outlook on improved conditions following the extension of the ceasefire between the United States and Iran, which led to the pound gaining more than 9% since its lowest point. External funding prospects continue to support the currency in the medium term.

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