Ghazl El Mahalla FC

THIS MORNING: EGP settles in at EGP 18.57 to the greenback + more price caps are coming

Good morning, friends, and welcome to another exceptionally heavy news day, so as we did earlier this week, let’s jump straight in: The EGP eased another 1.6% against the greenback yesterday, settling at EGP 18.57. The currency has now slid 17.7% since the devaluation on Monday. Two senior bankers we spoke with yesterday suggested the…