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Turkey on the brink of collapse
Posted: Wed 30 May 2018 5:36 pm
by Reyntj
Re: Turkey on the brink of collapse
Posted: Thu 31 May 2018 10:55 am
by PapaBravo
But the Turkish Lira has gained in strength to just below 6TL to the Pound!
Re: Turkey on the brink of collapse
Posted: Thu 31 May 2018 11:31 am
by Keithcaley
We're talking about trash news from the Express here - not the Financial Times
Re: Turkey on the brink of collapse
Posted: Thu 31 May 2018 11:57 am
by EnjoyingTheSun
PapaBravo wrote:But the Turkish Lira has gained in strength to just below 6TL to the Pound!
The interest rate rise would have helped but it would be interesting to know how much money/gold Turkey is throwing at their currency.
Considering 3-4 trillion is traded on the currency markets per day a few hundred billion is only going to keep it below 6 for so long as Mrs T said you cant buck the market.
Stop press its sneaked above 6 again.
Re: Turkey on the brink of collapse
Posted: Thu 31 May 2018 1:22 pm
by ardstrawray
Keithcaley wrote:We're talking about trash news from the Express here - not the Financial Times
You are so right
Re: Turkey on the brink of collapse
Posted: Fri 01 Jun 2018 7:03 am
by Groucho
Erdogan would love it if Turkey could prompt an EU crisis.... payback for the slap in the face over EU membership!