The Zloty’s recovery from recent all time lows has stalled in the wake of December’s National Bank of Poland (NBP) policy decision and some forecasters are warning the Polish currency may be on the cusp of another turn lower that would likely lift GBP/PLN into the new year.
December 10,2021
The Polish Zloty rallied against all counterpart currencies alike in the penultimate session of the week, furthering a recently emerged trend that already makes it the top performing currency on the market this week and it could yet rise further in the days ahead.
December 2,2021
The Turkish Lira tumbled to new all-time lows to open the mid-week session following a television interview in which President Recep Tayyip Erdogan effectively told financial markets to go and take a hike of their own.
December 1,2021
The Krona topped the major currency rankings in the penultimate session of the week after the Riksbank signalled that it could be about to shift to a ‘hawkish’ interest rate stance that some analysts say would act as a catalyst for a turnaround by the beleaguered Swedish currency.
November 25,2021
GBP/TRY and USD/TRY reverse half of Tuesday's surge, but recovery lacks a clear catalyst and follows a CBRT statement.
November 24,2021
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