The exchange rates of foreign currencies against the Egyptian pound have maintained their recent levels, as announced by the Central Bank of Egypt, on Thursday, October 8, 2026. This stability comes amid a public holiday that has suspended operations in Egyptian banks. Consequently, the published rates prior to the holiday remain the most recent official rates available. Globally, currency markets are experiencing significant movements in favor of the US dollar.
The US dollar has been strengthening due to increased yields on US Treasury bonds and growing investor expectations of continued monetary policy tightening in the United States. Conversely, European currencies are under pressure due to rising energy prices and concerns about public finances in the eurozone. Meanwhile, investors are monitoring the impact of rising oil prices on inflation and global monetary policies.
The price of Brent crude oil surged by over 4% during Thursday's trading, adding pressure on currencies in energy-importing economies and boosting the demand for the US dollar as a relative safe haven. The dollar has benefited from the rise in US Treasury yields, following the release of Federal Reserve meeting minutes that indicated ongoing concerns about inflation.
As a result, the dollar index stood at approximately 102.3 points during Thursday's trading, near its 18-month high. In contrast, the euro declined to around 1.12 dollars, while the British pound fell by 0.2% to about 1.3185 dollars. The euro is among the currencies most affected by the dollar's strength, largely due to concerns about France's financial situation and widening bond yield differentials within the eurozone.
The British pound dropped against the dollar ahead of anticipated comments from Bank of England Governor Andrew Bailey, with markets pricing in a potential interest rate hike in November. In Japan, the yen remained near the 158 yen per dollar level, continuing to be influenced by interest rate differentials between Japan and the US, as well as expectations for the Bank of Japan's monetary policy.
According to the Central Bank of Egypt, the exchange rates for various currencies on Thursday, October 8, 2026, are as follows: The US dollar's buying price was 52.3204 pounds, and the selling price was 52.4600 pounds. The euro's buying price was 58.5465 pounds, while the selling price was 58.7132 pounds. The British pound's buying price was 69.1414 pounds, with a selling price of 69.3469 pounds.
Other currency exchange rates include: The Canadian dollar's buying price was 36.7728 pounds, and the selling price was 36.8736 pounds. The Danish krone's buying price was 7.8332 pounds, with a selling price of 7.8544 pounds. The Norwegian krone's buying price was 5.4642 pounds, and the selling price was 5.4833 pounds. The Swedish krone's buying price was 5.2127 pounds, with a selling price of 5.2270 pounds.
Key points
- The Egyptian pound's exchange rates against major currencies remain stable on Thursday, October 8, 2026.
- The US dollar continues to strengthen globally due to rising US Treasury yields and expectations of further monetary policy tightening.
- Rising oil prices and concerns about public finances in the eurozone are putting pressure on European currencies.
