Egypt Stocks Fall as Pound Forwards Drop After Mursi Defies Army

Egypt Stocks Fall as Pound Forwards Drop After Mursi Defies Army

Shawn Baldwin/Bloomberg

Egypt's pound has weakened almost 12 percent since Dec. 30, when the central bank eased its support in order to conserve foreignian reserves that plunged by more than half since the 2011 revolt that ousted Hosni Mubarak.