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Turkish Lira forecasts have been downgraded at Commerzbank following President Tayyip Erdogan's successful re-election.
June 2,2023
GBPTRY rallied by over a per cent in value to 24.63 at the start of the new week as wrong-footed investors braced for another term of unorthodox policies under President Erdoğan.
May 15,2023
The Krona was weaker after Riksbank, Sweden's central bank, hiked its policy rate by 50bp to 3.50% but gave 'dovish' guidance that implied it was close to ending its rate hiking cycle.
April 26,2023
Looming elections and unsustainable currency-defence economic policies are unlikely to prevent a sizeable slide in the value of the Turkish Lira before year-end.
April 17,2023
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