Egypt's pound weakened to 7.46 per dollar from 7.43 at a central bank auction on Wednesday, the weakest level it has been allowed to reach since auctions began in December 2012. Egypt's central bank sets the rates at which banks can trade. It has been devaluing the pound throughout the past seven auctions in an attempt to close the gap between the official and unofficial rates. More to follow http://english.ahram.org.eg/News/121565.aspx