The Lira was crushed early in the new week with losses rivalled those seen by Pound Sterling following the 2016 Brexit referendum after another Central Bank of the Republic of Turkey Governor was shown the door after only a months-long tenure in an apparent political response to last week's interest rate rise.
March 22,2021
Although the Pound failed to rally in the wake of the March Bank of England decision, the narrative surrounding the central bank and the economy over coming months will likely be supportive of the currency.
March 26,2021
The Lira turned back onto recovery road leading GBP/TRY, USD/TRY and EUR/TRY to topple on Thursday after the Central Bank of the Republic of Turkey (CBRT) more-than met expectations with its latest interest rise, prompting some analysts to suggest forecast upgrades are on the way.
March 18,2021
The Bank of England appears to have disappointed those wanting a stronger British Pound by signalling it would not raise interest rates until inflation in the UK has risen significantly.
March 26,2021
The Norwegian Krone was a middle of the road performer among major currencies on Thursday, enabling GBP/NOK to arrest an earlier decline as the Nordic currency took in its stride suggestions from the Norges Bank that it could begin lifting interest rates before the year is out.
March 18,2021
The Bank of England (BoE) today delivers its latest interest rate decision and updates investors with its updated expectations for the economy, an event that could spark a notable move higher or lower in the British Pound.
March 18,2021
The British Pound suffered a sharp decline on Tuesday before recovering into the mid-week session, with analysts saying the unexpected volatility could be linked to Thursday's Bank of England policy decision.
March 17,2021
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