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Old 22nd February 2017, 15:23   #671 (permalink)
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Re: Watch The Lira Now

Well what do the experts on here predicting 5 TL to the pound think now ?
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Old 22nd February 2017, 16:11   #672 (permalink)
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Re: Watch The Lira Now

No expert but still think this is a short term thing , long term the TL will devalue , probably alongside the Pound.

Steve
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Old 22nd February 2017, 17:00   #673 (permalink)
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Re: Watch The Lira Now

An ex is a has-been; a spurt is a drip under pressure.
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Old 22nd February 2017, 19:37   #674 (permalink)
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Re: Watch The Lira Now

Quote:
Originally Posted by Akasya View Post
No expert but still think this is a short term thing , long term the TL will devalue , probably alongside the Pound.
Yeah probably a short term thing, the lira is dropping since 10 years:
XE: EUR / TRY Currency Chart. Euro to Turkish Lira Rates
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Old 22nd February 2017, 20:27   #675 (permalink)
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Re: Watch The Lira Now

Quote:
Originally Posted by BEZ View Post
Well what do the experts on here predicting 5 TL to the pound think now ?
The pound has devalued by 20% so the lira is about 4.5 to the pound so when the pound gets back to normal making the lira 5.4 to the pound
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Old 22nd February 2017, 20:50   #676 (permalink)
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Re: Watch The Lira Now

Quote:
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The pound has devalued by 20% so the lira is about 4.5 to the pound so when the pound gets back to normal making the lira 5.4 to the pound
When & how do you expect the GBP to get back to 'normal' - and what is 'normal' in your view?
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Old 23rd February 2017, 07:27   #677 (permalink)
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Re: Watch The Lira Now

dont know that one
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Old 23rd February 2017, 10:42   #678 (permalink)
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Re: Watch The Lira Now

Quote:
Originally Posted by BEZ View Post
Well what do the experts on here predicting 5 TL to the pound think now ?
I think that like share prices (remember what I said on here about Unilever being a safe bet, and look what suddenly happened ... more than safe!) you cannot really predict as you do not know what is going on behind the scenes. An inner circle makes a lot of money, and the rest of us have to take our chances ....
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Old 23rd February 2017, 12:13   #679 (permalink)
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Re: Watch The Lira Now

The big boys eliza as you say , have the money , the technology the media and the contacts within governments to order and manipulate markets as they see fit , which is why they are the " big boys "

Steve
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Old 18th March 2017, 18:00   #680 (permalink)
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Re: Watch The Lira Now

Moody’s cuts outlook on Turkey credit rating to ‘negative’

Moody’s late on March 17 cut its outlook on Turkey’s rating to “negative” as risks to the country’s credit profile have “risen materially” in recent months.

The ratings group noted that the “tense political environment” following the failed coup attempt July 15, 2016 has “persisted for longer than expected” and has “undermined the country’s administrative capacity and damaged private sector confidence.”

“Partly as a consequence, Turkey has experienced a further slowdown in growth,” Moody’s added.

Moody’s rates Turkey at Baa1. It previously had a “stable” outlook on the sovereign.

Moody?s cuts outlook on Turkey credit rating to ?negative? - ECONOMICS
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