gbptry

USDTRY Turkish lira

GBPTRY Loses Ground on CBRT Minutes as Bank Raises Swap Limit

GBPTRY has given up some ground in the last two days after a strong three-day rally. The Turkish central bank are again the centre of attention as the volatile pair seeks its next path forward. Turkish manufacturing confidence dropped to 103.9 in November which was lower than last month’s 108.1. […]

USDTRY

GBPTRY Tests Resistance at 10.000 as Armenian Tensions Rise

The GBPTRY pair rallied this week after Armenia said that one of their jets was shot down by a Turkish F-16. Turkey denies the claim, but tensions have been rising between Armenia and Azerbaijan, which is an ally of Turkey. The fighting is at risk of seeing Russia drawn into […]

turkish lira

Pound Eyes Big Level as Turkish Lira Continues to Crumble

The British Pound is gaining ground against the Turkish Lira and looks ready to take out the 10.00 level. The U.S. dollar has touched a record high against the Turkish currency today after data showed another rise in inflation and the Pound should continue to advance. The Turkish economy saw […]