EGP/GBP Price & Performance (EGPGBP)

Commercial International Bank Egypt convened its Ordinary General Assembly on March 23, 2025, discussing critical fiscal matters. Topics included a proposed capital increase, financial statements approval, and director remuneration. The meeting also reviewed governance updates and auditor appointments, reflecting the bank's commitment to transparency and shareholder engagement.1

Gold prices in Egypt experienced a sharp rise on March 18, 2025. The cost of 24-carat gold surged to 4,885 EGP per gram, while 21-carat gold reached 4,275 EGP. This upward trend reflects heightened local and global demand, marking a notable shift in the precious metals market.2

The British Pound gained against the Euro last week, with the GBP/EUR exchange rate reaching €1.1940. The Bank of England's decision to maintain a 4.5% rate bolstered Sterling, though gains were limited by economic uncertainties. Meanwhile, the Euro faced pressure from stalled geopolitical negotiations and trade war concerns.3