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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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The Pound has gone from strength to strength against the troubled Turkish Lira over the past week, and looks set to expand these gains. The Lira has had a run of bad luck recently, with a major setback in the EU integration process sending TRY demand plummeting. While the Pound was able to advance comfortably [...]

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Slumping Lira Pushes GBP/TRY Higher

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Date: November 18th, 2016.

The Pound to Turkish Lira exchange rate has neared its best levels since Britain voted for Brexit in June, as bullishness in the Pound and considerable Lira weakness have aided GBP/TRY advance. As it stands, GBP/TRY is on track to end the week about 10% higher. Despite factors like ongoing Brexit worries weighing on the [...]

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GBP/TRY Climbs as Turkish Tourism Drys Up

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Date: September 29th, 2016.

The Pound found itself in high demand against the Turkish Lira towards the end of the week, despite increasing indications that the UK’s exit from the EU will not be entirely smooth. The Lira’s recent losses have been triggered by concerns for the future of Turkey’s services sector, which has been hit hard by recent [...]

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Confidence in the outlook of the Turkish economy took a fresh blow at the start of the week, when June’s Unemployment Rate unexpectedly leapt from 9.4% to 10.2%. This sharp increase did not encourage investors, with the slowing of the labour market boding ill for the wider economy. Higher unemployment is likely to drag on [...]

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The past few days have seen some extreme movements in the Pound Lira exchange rate, with the weekend bringing political turmoil in Turkey which affected the value of its currency dramatically. Meanwhile, the UK’s currency has gotten off to a shaky start this week. While the Pound was boosted on Monday, it has since fallen [...]

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The Pound to Turkish Lira exchange rate had recovered halfway to last week’s highs on Tuesday’s session after a sudden and surprising conclusion to Britain’s Conservative leadership contest led to the UK’s new Prime Minister being Theresa May. GBP/TRY was trending above the key level of 3.80 at the time of writing. The Pound surged [...]

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Previously hamstrung by Russian sanctions that gutted tourism to the country in May, the Turkish Lira has struggled to garner support as global risk appetite remains low following the UK’s vote to leave the European Union. In reaction to the Brexit, the Pound Turkish Lira exchange rate immediately plummeted over a quarter of a Lira. [...]

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After it emerged that bookmakers are overwhelmingly in favour of the UK voting to remain in the European Union, high-yielding emerging-market assets advanced. With the UK’s vote just hours away, the GBP TRY exchange rate held losses amid growing trader confidence that the UK will vote ‘Remain’. Over the past few days, renewed optimism that [...]

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