The Pound-to-Lira exchange rate was on route to late June highs around 12.14 on Thursday following a surprise interest rate cut from the Central Bank of the Republic of Turkey.
September 23,2021
The Lira is outbidding all others with its yield offering to international investors and Credit Agricole has flagged it as the number one ‘carry trade’ out there.
September 17,2021
The Turkish Lira softened ahead of the weekend but has been an outperformer for the month of August and remained close to an important resistance level against the Dollar, any overcoming of which could lead to even further declines in USD/TRY as well as GBP/TRY.
August 27,2021
The Turkish Lira took no prisoners on Thursday when sweeping the board of opposition from major developed and emerging market currencies alike after the Central Bank of the Republic of Turkey defied a sceptical market and pressure from Ankara when leaving interest rates unchanged in its latest policy decision.
August 13,2021
The Lira advanced against the Dollar, Pound and Euro in a favourable market for risky currencies on Wednesday after the Central Bank of the Republic of Turkey continued its bid to reduce inflation which, alongside Ankara, may test the CBRT and Lira’s resolve over the coming months.
July 14,2021
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