{"id":598590,"date":"2019-05-29T04:03:56","date_gmt":"2019-05-29T04:03:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/29\/lighthouse-research-says-egp-still-pegged\/"},"modified":"2019-05-29T04:03:56","modified_gmt":"2019-05-29T04:03:56","slug":"lighthouse-research-says-egp-still-pegged","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/29\/lighthouse-research-says-egp-still-pegged\/","title":{"rendered":"Lighthouse Research says EGP still pegged"},"content":{"rendered":"

<\/a> The EGP is still \u201ctightly managed\u201d and will continue to appreciate, Dubai-based Lighthouse Research <\/b>said in a note (pdf)<\/a>. The firm said the appreciation of the EGP against key currencies since the start of the year \u201cdefied the broader sell-off in global emerging market assets.\u201d It pointed out that the KRW, ZAR and TRY have depreciated by 6%, 4% and 15% respectively. The Egyptian pound was selling at 16.8794<\/a> to the USD on Tuesday, having broken through the psychologically important EGP 17 barrier.<\/p>\n

It\u2019s not about foreign reserves<\/b>, Lighthouse argues, pointing out that most inflows took place from November 2016 until February 2018 before a stagnation that has seen the figure only go up by USD 1.7 bn since. The current account deficit has seen some improvement though, thanks to higher exports and a recovery in the tourism industry, the firm notes.<\/p>\n","protected":false},"excerpt":{"rendered":"

The EGP is still \u201ctightly managed\u201d and will continue to appreciate, Dubai-based Lighthouse Research said in a note (pdf). The firm said the appreciation of the EGP against key currencies since the start of the year \u201cdefied the broader sell-off in global emerging market assets.\u201d It pointed out that the KRW, ZAR and TRY have […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-598590","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"a15f75f8-7181-4156-8185-0e4c4e4ae26c","is_powered_by":true,"section_story_id":"746df3e7-d252-4c6e-8427-48e537aa80ee","story_type":"1","photo_url":"","photo_position":"above","related_issue":[598578],"teaser":"","voice_url":""},"yoast_head":"\nLighthouse Research says EGP still pegged - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/29\/lighthouse-research-says-egp-still-pegged\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lighthouse Research says EGP still pegged\" \/>\n<meta property=\"og:description\" content=\"The EGP is still \u201ctightly managed\u201d and will continue to appreciate, Dubai-based Lighthouse Research said in a note (pdf). The firm said the appreciation of the EGP against key currencies since the start of the year \u201cdefied the broader sell-off in global emerging market assets.\u201d It pointed out that the KRW, ZAR and TRY have […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/29\/lighthouse-research-says-egp-still-pegged\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-29T04:03:56+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/29\/lighthouse-research-says-egp-still-pegged\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/29\/lighthouse-research-says-egp-still-pegged\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Lighthouse Research says EGP still pegged\",\"datePublished\":\"2019-05-29T04:03:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/29\/lighthouse-research-says-egp-still-pegged\/\"},\"wordCount\":141,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/29\/lighthouse-research-says-egp-still-pegged\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/29\/lighthouse-research-says-egp-still-pegged\/\",\"name\":\"Lighthouse Research says EGP still pegged - 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