TL hits 6 to the pound

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frontalman
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TL hits 6 to the pound

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Post 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.

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Keithcaley
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Re: TL hits 6 to the pound

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Post by Keithcaley »

Probably because Erdoğan has announced that he intends to 'take control' of the currency and interest rates etc....

Reyntj
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Re: TL hits 6 to the pound

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Post 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

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Re: TL hits 6 to the pound

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Post 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?

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jayceebee
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Re: TL hits 6 to the pound

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Post by jayceebee »

£ is still quite weak against $ & Euro so TL6++ is likely if £ rallies?

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