Pre-Trading Thoughts

CBE allowed the EGP to fall 16% against the USD to EGP 18.27 to the USD CBE raised interest rates by 100 bps at a special monetary policy meeting National Bank of Egypt and Bank Misr offer one-year certificates of deposit at 18% yield The government is re-introducing the monthly customs exchange rate, setting it at EGP 16 for imports of basic commodities and materials used for manufacturing Which companies will benefit from a weaker EGP versus the USD? Mainly exporters and the industrial sect...