📈 | The pound trims its losses as oil prices fall and hot money returns
⚫️The dollar fell by around 1% in Egypt today, to 54.95 pounds, bringing its decline since the start of the week to more than 2%.
⚫️Oil prices are down 10.8% since the start of the week, hitting their lowest level in a month. They are currently trading above $103 a barrel, reducing Egypt’s energy import bill 🛢
⚫️The US dollar fell globally to its lowest level in a month against major currencies, helping it fall further against the pound.
⚫️Hot money has returned to Egyptian debt markets. Yesterday, $196.3 million flowed in, after foreign investors sold $1.5 billion last week 💵
🌑 $PEPE $BOME $SHIB
✅@mshabaka
#USOctoberNFP-AreRateCutsStillPossible #BinanceIncidentReport #USMidterms-WhatAreMarketsExpecting?
⚫️The dollar fell by around 1% in Egypt today, to 54.95 pounds, bringing its decline since the start of the week to more than 2%.
⚫️Oil prices are down 10.8% since the start of the week, hitting their lowest level in a month. They are currently trading above $103 a barrel, reducing Egypt’s energy import bill 🛢
⚫️The US dollar fell globally to its lowest level in a month against major currencies, helping it fall further against the pound.
⚫️Hot money has returned to Egyptian debt markets. Yesterday, $196.3 million flowed in, after foreign investors sold $1.5 billion last week 💵
🌑 $PEPE $BOME $SHIB
✅@mshabaka
#USOctoberNFP-AreRateCutsStillPossible #BinanceIncidentReport #USMidterms-WhatAreMarketsExpecting?