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Old 8th January 2017, 18:30   #561 (permalink)
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Re: Watch The Lira Now

I'm pretty sure there was a lady dolmus driver in Fethiye a few years ago. She may still be there but I don't know.
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Old 9th January 2017, 14:13   #562 (permalink)
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Re: Watch The Lira Now

Lira has dropped fast today, with more to come. USA Dollar strength and TR Bank policy on rates seems to be the main cause.

Ian
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Old 9th January 2017, 14:44   #563 (permalink)
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Re: Watch The Lira Now

Theresa's big gob mate.

Steve
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Old 9th January 2017, 14:55   #564 (permalink)
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Re: Watch The Lira Now

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Theresa's big gob mate.

Steve
The reality is creeping in, with worse to come in the next couple of months with uncertainty ruling the market.
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Old 9th January 2017, 16:04   #565 (permalink)
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Re: Watch The Lira Now

wait till the dollar folds
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Old 9th January 2017, 16:29   #566 (permalink)
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Re: Watch The Lira Now

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Originally Posted by christella View Post
wait till the dollar folds
Do you know something that we don't Chris?

The USD is strengthening despite Donald - if that doesn't bring it down then I don't know what will.
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Old 9th January 2017, 18:02   #567 (permalink)
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Re: Watch The Lira Now

Quote:
Originally Posted by navarro View Post
The reality is creeping in, with worse to come in the next couple of months with uncertainty ruling the market.
Agreed the worse is to come but now we know that remaining in the single market is not expected by the UK government.
The EU has made it plain, single market equals free movement, we have made it plain that we are not accepting free movement.
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Old 9th January 2017, 18:12   #568 (permalink)
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Re: Watch The Lira Now

Quote:
Originally Posted by Jaycey View Post
Do you know something that we don't Chris?

The USD is strengthening despite Donald - if that doesn't bring it down then I don't know what will.
Only what I have been told
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Old 11th January 2017, 01:53   #569 (permalink)
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Re: Watch The Lira Now

Bloomberg seem to think the TL is doomed: (2 articles on same link)

Extract: "Thought the lira was due a breather after last year’s eye-watering losses? Think again.
Turkey’s political quagmire has been exacerbated by central bank inaction and higher-than-expected inflation to make the lira the worst-performing currency of 2017."

"The currency has dropped 6 percent against the dollar in the year’s first seven trading days, adding to last year’s 17 percent slump. It’s set a new record on five of them. The pace of the depreciation has been so steep, it’s left all other major currencies trailing in its wake: the next worst-performer of 2017 has been Mexico’s peso, and it’s weakened barely half as much."

"The lira has replaced South Africa’s rand as the world’s most volatile currency, as a gauge of expected exchange-rate swings jumped on Tuesday to the highest level in almost three years. "

Full: https://www.bloomberg.com/news/artic...rmer-in-charts

Ian

Last edited by immac; 11th January 2017 at 02:01..
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Old 11th January 2017, 07:20   #570 (permalink)
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Re: Watch The Lira Now

4.69 so far this morning.
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