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When will the Turkish lira recover?


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When will the Turkish lira recover?

With the recent drop in the Turkish lira, driven by negative rates, many traders are asking how much longer the trend will continue?

The answer is, of course, no one knows, but economists are warning that as long as President Erdogan continues with his policy of lower rates in the current environment, the lira is more than likely to fall.

IGTV’s Jeremy Naylor puts the current move in the context of the record lows that we saw in the lira back in August 2018.

https://www.ig.com/uk/market-insight-articles/when-will-the-turkish-lira-recover--211118

Turkish Lira 'Currency Crisis' Not Over, Could Hit 8 Against U.S. Dollar

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