Last week's military coup in Egypt seems to have resolved nothing as yet, with at least 42...


Last week's military coup in Egypt seems to have resolved nothing as yet, with at least 42 people killed and 322 injured today in clashes between security forces and supporters of deposed resident Mohamed Morsi. The Islamist Salafist Nour party, which had supported Morsi's removal, has pulled out of talks to form a new government in protest, although it has backed London-trained economist Ziad Bahaa-Eldin as interim prime minister. Despite the violence, the Egyptian pound strengthened at a central bank sale of foreign currency to 7.0097 to the dollar vs 7.0184 on Thursday, although the Case 30 stock index is -3%.

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