Lower exchange rate of the pound against the Arab and foreign currencies

(Albadeel)

Retreat in the pound exchange rate in front of most major currencies during the dealings last week, Director of the Egyptian Company for exchange and financial business said: «There is a rise in the dollar exchange rate against most currencies in the world after the announcement of the U.S. Federal Bank of increasing interest rates on the dollar, which led to the cohesion And restore the confidence of clients , adding that the high euro exchange rate was unexpected, which is also linked to the prospects of increasing the interest rates by the European central bank .