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GBP to TRY Forecasts

After weeks of markets predicting a clean UK general election win for the Conservatives, their lead in the polls halved over the weekend, which left GBP/TRY trading lower. Despite last week’s strong UK data, investors have remained concerned about Britain’s 2017 economic outlook and low bets of any tighter monetary policy from the Bank of [...]

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The Pound has fluctuated wildly against the Turkish Lira recently, but managed to rise by 0.9% after surprising growth in the UK services sector. Sterling has been alternately boosted by domestic data but weakened by political developments since May 1st. On the positive side, UK manufacturing, construction and services PMIs have all risen in April, [...]

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The Pound has dropped heavily against the Turkish Lira today, as continuing weakness in the US elevates demand for higher-risk currencies. Last week saw the Pound gradually edge lower against the Lira, with that trend continuing as markets reopened following the weekend. The Pound was in a general state of decline on Monday following the news [...]

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Despite diplomatic uncertainties and underwhelming data from Turkey this week, the Pound to Turkish Lira exchange rate fell back towards the week’s opening levels of 4.53 on Wednesday due to concerns about the UK economic outlook. The Pound has seen wide fluctuations this week as the UK government heads ever closer to activating Article 50 [...]

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An underwhelming response from investors to the latest estimates for UK GDP continues to keep the GBP TRY exchange rate near a seven-week low today. After already clocking in above forecast in the preliminary figures, UK 2016 Q4 GDP was revised higher to 0.7% in the second round of estimates. The Pound was not impressed, [...]

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TRY Gains on GBP Following UK Inflation Data

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Date: February 14th, 2017.

The Pound tumbled dramatically against the Turkish Lira following the news that UK inflation is at its highest level since June 2014. The Turkish Lira, meanwhile, has been bolstered by rising risk appetite. The main focus for GBP investors today has been on UK inflation, which has risen from 1.6% to 1.8% on the year [...]

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It’s the final day of debate for the Article 50 bill currently being scrutinised by Parliament, which is curbing Pound Lira exchange rate gains. GBP TRY is currently trading around 4.67. The Pound is on soft form today, managing to eke out only minor gains versus the Lira. Today is the final day that MPs [...]

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The Pound has advanced by around 0.5% against the Turkish Lira today, ahead of turbulent political times for both the UK and Turkey. News out of Turkey has mainly focused on President Recep Tayyip Erdogan and his future political powers, which may be expanded depending on a constitutional referendum. Last week’s Pound to Lira movement [...]

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GBP/TRY Edges Higher on Strong Pound

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Date: January 19th, 2017.

The Pound to Turkish Lira exchange rate has advanced this week as a Brexit speech from Britain’s Prime Minister left markets impressed. However, TRY sentiment has improved slightly keeping GBP/TRY below last week’s decade-high of 4.80. The pair trended just below 4.70 at the time of writing. Sterling has put in one of its best [...]

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GBP TRY Jumps to Twelve-Month High

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Date: January 9th, 2017.

The Pound to Turkish Lira (GBP TRY) exchange rate rose today as investors avoided the emerging-market currency due to economic and political uncertainty. GBP TRY currently sits around 4.52, up slightly from the day’s opening levels. The Turkish Lira continues to be the black sheep of the so called ‘fragile five’ of emerging-market currencies as [...]

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