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. […]
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 […]
The GBPTRY is pressing higher as the Lira remains under pressure against global currencies, but next week sees the Turkish Central Bank meet to discuss interest rates.
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 […]