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TL hits 6 to the pound
Posted: Tue 15 May 2018 2:55 pm
by frontalman
Just turned the TV on and found that rate of exchange has just hit 6 to the pound and 4.45 to the dollar.
Re: TL hits 6 to the pound
Posted: Tue 15 May 2018 3:13 pm
by Keithcaley
Probably because Erdoğan has announced that he intends to 'take control' of the currency and interest rates etc....
Re: TL hits 6 to the pound
Posted: Tue 15 May 2018 3:39 pm
by Reyntj
Looking omious next stop u.s. fines/sanctiions could very well end up some capital controls to stop the flight of foreign money saving the banks
Re: TL hits 6 to the pound
Posted: Tue 15 May 2018 9:35 pm
by Hedge-fund
Reyntj wrote:Looking omious next stop u.s. fines/sanctiions could very well end up some capital controls to stop the flight of foreign money saving the banks
Wow.....who would have thought that a few years ago?
Re: TL hits 6 to the pound
Posted: Wed 16 May 2018 9:03 am
by jayceebee
£ is still quite weak against $ & Euro so TL6++ is likely if £ rallies?