As many come to terms with the result of the June 23, 2016, British referendum to leave the European Union, many are considering whether there may be a ripple effect as far away as the Middle East.
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Sterling hit a fresh 31-year low against the dollar on Tuesday, as investors worried about the economic and financial fallout of Britain's vote to leave the European Union.
The pound, the asset that has borne the brunt of mark
Britain has voted to leave the European Union, forcing the resignation of Prime Minister David Cameron and dealing the biggest blow since World War Two to the European project of forging greater unity.
Global stock markets plunged
Britain has voted to leave the European Union, results from Thursday's landmark referendum showed, an outcome that sets the country on an uncertain path and deals the largest setback to European efforts to forge greater unity since World War
Several major British media outlets, including the BBC, declared that the UK had voted to leave the European Union as sterling plummeted to its lowest level since 1985 and global markets were roiled.
The British currency fell as m
Central bank deposits that Egypt's Gulf allies pledged at an investment summit will arrive in the country within days, the state news agency quoted central bank governor Hisham Ramez as saying on Monday.
Kuwait, Saudi Arabia a
Egypt's central bank let the pound weaken on Monday for the second day running, a move analysts said was aimed at stamping out a thriving black market as inflation concerns ease.
The bank allowed the pound reach 7.24 pounds pe
The Egyptian pound weakened on Wednesday at an exceptional central bank sale of $1.1 billion aimed at supplying dollars to importers of essential foodstuffs, allowing it to hit a new all-time low in the official market.
In a count
Egypt's pound edged stronger at a central bank foreign currency sale on Monday.
The central bank sold $38.8 million with a cut-off price of 6.8800 Egyptian pounds per dollar versus 6.8802 pounds at its last sale on October 10,
The Egyptian pound jumped 1.2 percent on Wednesday at a $1.3-billion foreign currency sale - its biggest ever - as the central bank gambled a large chunk of its reserves to show that Egypt's economic turbulence was coming to an end.