📣 | Goldman Sachs: The dollar at 50 pounds within a year
🖱️Goldman Sachs expects the Egyptian pound to gradually strengthen against the dollar over the next 12 months, and forecasts the dollar will reach 50 pounds, compared with its current level of around 54 pounds.
🖱️The bank believes the pound is undervalued by more than 30%, and that increased geopolitical risks in October caused the pound to lose more value than warranted 💲
🖱️Goldman Sachs’ new dollar forecasts are higher than its previous projections. It raised its targets to 53 pounds in 3 months, 52 pounds in 6 months, and 50 pounds in a year, up from 49, 48, and 46 pounds, respectively.
🖱️Despite recent investment outflows, Goldman Sachs believes Egypt’s external position remains resilient and does not expect an external financing gap through fiscal year 2029/2030 💰
🌑 $WIN $TRUMP $DOGS
✅@mshabaka
#JobsReportRaisesHikeOdds #TradFiForBeginners #WillAnthropicListOnTime
🖱️Goldman Sachs expects the Egyptian pound to gradually strengthen against the dollar over the next 12 months, and forecasts the dollar will reach 50 pounds, compared with its current level of around 54 pounds.
🖱️The bank believes the pound is undervalued by more than 30%, and that increased geopolitical risks in October caused the pound to lose more value than warranted 💲
🖱️Goldman Sachs’ new dollar forecasts are higher than its previous projections. It raised its targets to 53 pounds in 3 months, 52 pounds in 6 months, and 50 pounds in a year, up from 49, 48, and 46 pounds, respectively.
🖱️Despite recent investment outflows, Goldman Sachs believes Egypt’s external position remains resilient and does not expect an external financing gap through fiscal year 2029/2030 💰
🌑 $WIN $TRUMP $DOGS
✅@mshabaka
#JobsReportRaisesHikeOdds #TradFiForBeginners #WillAnthropicListOnTime
