Fundamental: Egypt Likely to Devalue Currency Again, Societe Generale Says

Egypt is likely to devalue its currency again in the "not-too-distant future," and the pound may end the quarter 10% below current levels, Societe Generale said. The debt-distressed North African nation will need a cheaper currency as both its current-account deficit and dollar shortage are sizable, strategists including Phoenix Kalen and Gergely Urmossy ...     Alert Feb 25, 2023, 4:59am Fundamental: Egypt Likely to Devalue Currency Again, Societe Generale Says Egypt is likely to devalue its currency again in the "not-too-distant future," and the pound may end the quarter 10% below current levels, Societe Generale said. The debt-distressed North African nation will need a cheaper currency as both its current-account deficit and dollar shortage are sizable, strategists including Phoenix Kalen and Gergely Urmossy ... View Story Edit This Alert     You've opted-in to receive Alerts from Forex Factory. • Unsubscribe from this content • Enable Do-Not-Disturb to pause all Alerts • Contact FF for Alert support