Cairo, Egypt | Xinhua | The Egyptian pound further declined against the U.S. dollar on Wednesday, plunging to below 31 pounds to the dollar before settling at 29.7 in the afternoon. The Egyptian local currency has lost about half of its value since March 2022, when a dollar was worth …
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London, United Kingdom | AFP | This week’s latest Brexit-fuelled collapse in the troubled pound is a boon for tourists and multinationals — but spells trouble for the purchasing power of UK households. Sterling tumbled Tuesday to two-year lows against the euro and dollar, plagued with concern that Britain will crash …
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London, United Kingdom | AFP | The pound dropped Monday following weak UK construction data and as Prime Minister Theresa May seeks to try and finally unlock the Brexit stalemate. London’s benchmark FTSE 100 index, featuring large multinationals earning in dollars and euros, climbed to a two-month high above 7,000 points thanks to the weaker …
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