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View Full Version : Egypt to 'Safeguard' Markets as Pound Approaches Seven-Year Low - Bloomberg



NewsWhore
12-06-2011, 07:20 PM
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Egypt to &#39;Safeguard&#39; Markets as Pound Approaches Seven-Year Low (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGpSsQrL7cI3nrGpOFlERFrZrHuHw&url=http://www.bloomberg.com/news/2011-12-06/egypt-to-safeguard-markets-as-pound-approaches-seven-year-low.html)
Bloomberg
The unrest has also drained $15.9 billion from official foreign currency reserves in the past 11 months to $20.15 billion, a 44 percent plunge. The remarks are an indication that the central bank doesn&#39;t intend to allow the pound to depreciate rapidly ...

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