Pound Falls Against Dollar and Euro Amid Regional Tensions

The Egyptian pound declined against both the U.S. dollar and euro at the close of trading on Sunday, August 30, 2026.

The greenback strengthened at most banks operating in Egypt's banking market, with Morgan Stanley noting that Egypt's external position had proven more resilient than expected over the past five months.

The investment bank outlined three potential scenarios for the Egyptian economy, with the outlook largely tied to oil prices and developments affecting shipping through the Strait of Hormuz.