Record: Dollar and Pound

record: That compares with 17.8 per dollar at National Bank of Egypt as of 2 49 p.m, according to Bloomberg. The pound 12-month non-deliverable contracts weakened to a record 18.35 per dollar. The currency traded at 17.98 per dollar, according to the average quote of three dealers surveyed by Bloomberg in Cairo on Tuesday. Two traders said the market has largely stalled because of uncertainty over rates. A third trader, however, said people shunned by banks were still buying dollars from the black market. Large clients were refusing to buy dollars until they have more clarity over the direction of the exchange rate, one said. (news.financializer.com). As reported in the news.