On Wednesday, 23 September 2026, the pound sterling exchange rate against the Egyptian pound fluctuated, reaching a high of 68.70 pounds for buying and 69.12 pounds for selling, according to bank prices tracked. The buying prices ranged from 68.18 to 68.70 pounds, while selling prices ranged from 68.61 to 69.12 pounds, reflecting variations in pricing among local banks.
The movement of the pound sterling in the Egyptian market coincides with its decline in global markets against the US dollar. The pound sterling fell by up to 0.5% to around 1.3273 dollars, its weakest level since early July. Meanwhile, the dollar rose to its strongest level in nearly two months as investors expect further US interest rate hikes if inflation remains high.
Market participants are also monitoring inflation and energy prices in Britain after data showed a slowdown in British business activity in September, accompanied by rising price pressures. This development complicates the Bank of England's calculations regarding interest rates. These global trends affect the pound sterling's value against the Egyptian pound through changes in its value against the dollar and the dollar's movement against the Egyptian pound.
The prices of pound sterling in various Egyptian banks show some variation. In the Abu Dhabi Islamic Bank, the buying price was 68.70 pounds, and the selling price was 69.00 pounds. The HSBC Bank offered a buying price of 68.67 pounds and a selling price of 69.12 pounds. The Abu Dhabi Commercial Bank quoted a buying price of 68.64 pounds and a selling price of 68.97 pounds.
Other banks, such as Faisal Islamic Bank, offered a buying price of 68.64 pounds and a selling price of 68.91 pounds. The Suez Canal Bank priced the pound sterling at 68.41 pounds for buying and 68.74 pounds for selling. The First Abu Dhabi Bank offered 68.28 pounds for buying and 68.61 pounds for selling.
Additional banks, including the Alexandria Bank, Next Bank, and Egypt Bank, quoted similar prices, ranging from 68.21 to 68.70 pounds for buying and 68.61 to 68.74 pounds for selling. These prices reflect a narrow range of fluctuations in the pound sterling exchange rate across Egyptian banks.
The exchange rates at various banks are as follows: The Egyptian Housing Bank offered 68.21 pounds for buying and 68.70 pounds for selling. The National Kuwait Bank priced it at 68.21 pounds for buying and 68.70 pounds for selling. The Arab Real Estate Bank and the Arab African International Bank both offered 68.18 pounds for buying and 68.70 pounds for selling.
Key points
- Pound sterling exchange rates in Egypt vary across banks due to global economic trends.
- The pound sterling has declined against the US dollar, reaching its weakest level since early July.
- Egyptian banks quote slightly different prices for the pound sterling, reflecting local market conditions.
