Hi Guys,
Had a quick look at the rates compared to a year ago (
XE.com - The World's Favorite Currency and Foreign Exchange Site has historic rates). The £ has fallen about 4% in the last 12 months against the EGP, but was at an all time high in July. It had to drop back a bit, and is weak at present against a lot of currencies. Imagine it will float around in a +/- 5% window for most of 2008.
Andy