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View Full Version : Egypt Pound's Gradual Drop Subdues Devaluation Bets: Arab Credit - Bloomberg



NewsWhore
09-18-2012, 12:50 AM
Egypt Pound's Gradual Drop Subdues Devaluation Bets: Arab Credit (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNH1OsRh_GibX16m1mwJgHxWY1WuBA&url=http://www.bloomberg.com/news/2012-09-17/egypt-pound-s-gradual-drop-subdues-devaluation-bets-arab-credit.html)
Bloomberg
One-year non-deliverable currency forwards strengthened to as high as 6.9 pounds a dollar yesterday, reflecting bets the pound will weaken 12 percent in the period, prices compiled by Bloomberg show. The currency, which is subject to a managed float ...

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