Pound recovers as experts predict dollar trends by 2026
The article discusses the future of the Egyptian pound against the US dollar amidst geopolitical tensions, especially considering the potential end of the Iranian conflict and its implications for the foreign exchange market. Experts believe that the stability of the local currency depends on developments in the regional situation. The recent easing of tensions has led to an improvement in the pound, which has recovered half of its losses, reaching approximately 50.4 pounds for buying and 50.5 pounds for selling, after having hit a low of 55 pounds per dollar. Some predict that the dollar could fall below 50 pounds if foreign investments return and oil prices decline to pre-crisis levels. Such developments would bolster the stability of the Egyptian currency and reduce economic risks.
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