Turkish Lira

17 June 2025 Record Capital Flight Raises Pressure on Turkish Lira, Says Commerzbank

The Turkish lira faces renewed depreciation risks amidst a surge in capital outflows.

07 May 2025 Turkish Lira: Rising Risks of "Blow-up"

The chances of another Turkish Lira "blow-up" are rising, warns a new analysis.

19 March 2025 Lira Collapse Could Trigger EM Contagion

A record low in the Lira could spell weakness in other Emerging Market currencies.

19 September 2024 Turkish Lira Approaches the Lows Again, CBRT Sounds Dovish

The Turkisk Lira fell against the Euro, Dollar and Pound after its central bank hinted at the need to cut interest rates in the near-future.

24 June 2024 Pound to Lira: Eyeing Fresh All-time Highs at 42.00

The Pound to Lira exchange rate starts the new week with a 0.40% gain that takes it to 41.75, and we think further gains are possible.

11 July 2023 Turkish Lira Could be Past the Worst: HSBC

Eye-watering Turkish Lira depreciation could be about to moderate according to new research from HSBC, even if headwinds continue to persist over the remainder of the year.

15 May 2023 Pound to Lira Rate Forecast: Fresh All-time Highs a Matter of Time as Political Anxieties Expected to Rebuild

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.

17 April 2023 Turkish Lira Faces 25% Drop Amidst Elections and Lira-isation Risks

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.

20 January 2022 Turkish Lira Outlook Helped by Hint of Steady CBRT Cash Rate Ahead

TRY steady after CBRT leaves rates unchanged, outlook bolstered by hint of stable rates ahead.

05 January 2022 Turkish Lira Looks to Stabilise with USD/TRY Under 14.00

TRY stabilising in middle of holiday range, USD/TRY attempts to level off near 14.00.

29 December 2021 Turkish Lira Could Rise Further in New Year

TRY recoups December loss in 60% rally, ootential for further ‘short squeeze’ in January.

21 December 2021 Turkish Lira in 29% Surge Against the Pound

TRY cuts back three-months of losses by 50% in punishing holiday market squeeze on sellers.

16 December 2021 Turkish Lira Loss Lifts GBP/TRY to 20.00+ after CBRT’s Final Cut

GBP/TRY breaks above 20.0 & closes in on 21.00 after CBRT cuts again & opens door to 2022 rate cuts.

15 December 2021 Turkish Lira Could Benefit from Short-covering if CBRT Holds Rates

TRY would likely benefit if the CBRT leaves interest rates steady on Thursday, some analysts say.

01 December 2021 Turkish Lira Under Fire after Erdogan Tells FX Market to Go Take a Hike

The Turkish Lira tumbled to new all-time lows to open the mid-week session following a television interview in which President Recep Tayyip Erdogan effectively told financial markets to go and take…

24 November 2021 Turkish Lira in Relief Rally but CBRT Policy Key for Sustainable Recovery

GBP/TRY and USD/TRY reverse half of Tuesday's surge, but recovery lacks a clear catalyst and follows a CBRT statement.

23 November 2021 Turkish Lira Loss Takes GBP/TRY’s 2021 Increase Near to +70%

GBP/TRY & USD/TRY gains nearing +70% for 2021 as market protests interest rate policy & Lira spirals.

18 November 2021 Turkish Lira Stares into Abyss after CBRT Cut Emboldens Bearish Market

The Lira tumbled again following the Central Bank of the Republic of Turkey’s November decision to cut its interest rate, which has left the Turkish currency on the edge of an abyss.

17 November 2021 Turkish Lira Well on Course for Worst Year on Record

The Lira spiralled to new lows that saw 2021’s losses against the Dollar and Pound surpassing the 40% threshold on Wednesday as a perfect storm of adverse conditions threatened to condemn the Turki…

29 October 2021 Turkish Lira Heads for Rare Weekly Gain but Downgraded Forecasts Warn of Further Losses

The Lira was on course to post gains for the week on Friday, although the latest interest rate policy decision from the Central Bank of the Republic of Turkey (CBRT) has led analysts to cut forecas…