The Turkisk Lira fell against the Euro, Dollar and Pound after its central bank hinted at the need to cut interest rates in the near-future.
September 19,2024
The Pound to Lira exchange rate starts the new week with a 0.40% gain that takes it to 41.75, and we think further gains are possible.
June 24,2024
Eye-watering Turkish Lira depreciation could be about to moderate according to new research from HSBC, even if headwinds continue to persist over the remainder of the year.
July 11,2023
GBPTRY rallied by over a per cent in value to 24.63 at the start of the new week as wrong-footed investors braced for another term of unorthodox policies under President Erdoğan.
May 15,2023
Looming elections and unsustainable currency-defence economic policies are unlikely to prevent a sizeable slide in the value of the Turkish Lira before year-end.
April 17,2023
January 5,2022
December 29,2021
December 21,2021
GBP/TRY breaks above 20.0 & closes in on 21.00 after CBRT cuts again & opens door to 2022 rate cuts.
December 16,2021
December 15,2021
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
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
GBP/TRY & USD/TRY gains nearing +70% for 2021 as market protests interest rate policy & Lira spirals.
November 23,2021
The Lira tumbled again following the Central Bank of the Republic of Turkey’s November decision to cut its interest rate, which has left the Turkish currency on the edge of an abyss.
November 18,2021
The Lira spiralled to new lows that saw 2021’s losses against the Dollar and Pound surpassing the 40% threshold on Wednesday as a perfect storm of adverse conditions threatened to condemn the Turkish currency to its worst year on record.
November 17,2021
The Lira was on course to post gains for the week on Friday, although the latest interest rate policy decision from the Central Bank of the Republic of Turkey (CBRT) has led analysts to cut forecasts steeply and may mean it's just a matter of time before fresh losses are seen.
October 29,2021
October 24,2021
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
Page 1 of 3