Lira getting Stronger - Why?

[stoop]

Today the £ has fallen to a 31 year low against the $. Those charming Brexit people told me this definitely wouldn't happen and anyone who said it would was a member of Project Fear.: the naughty little Brexitliars! The only "good" news is that the TL has done even worse so you'll get more lira to the pound. Not doing me much good at the moment since I am in Euroland.

I don't remember anyone saying the pound wouldn't drop. Anyway it's a small price to pay to get out of the hell hole of the EU. My stock market linked investments seem to be doing ok though.

There was far more project fear from the remainers that just hasn't happened.

Portugal seems to be doing quite well this year. Busiest I've seen it for many a year.

[Colwyn]

Portugal seems to be doing quite well this year. Busiest I've seen it for many a year.

There were certainly lots of people walking the Estoril-Cascais promenade this afternoon celebrating Republic Day.

[JohnF]

That's the lira taking a bit of a pumping this week against sterling, certainly not helped by the surge this morning after the Article 50 decision.  Started at 3.77TL to the pound on Monday and now 3.86TL to the pound just now.  Seems relatively stable against the USD for the past week, been hovering around the 3.11/12 mark - still not good though. 

I wonder how long this resurgence in sterling will last, time to hit the doviz and get a wee bargain for a while maybe?

JF

[yabanci]

 

 time to hit the doviz and get a wee bargain for a while maybe?

Got 3.80 at Seker Bank this morning.

[JohnF]

Finans buy (GBP) rate for internet banking currently 3.85TL.

JF

[Colwyn]

I have taken my eye off this - what's happening to the TL today/this week? It is taking a hammering against $, € and £ and presumably other currencies in which I am not much interested.

[JohnF]

Hit 4.05 to the quid and 3.24 to a buck a wee while ago, but more importantly for me right now is the fact the GBP hit 1.14 against the euro.

JF

[BernieTeyze]

Will this hold out until I get back Sat night Sunday morning

[Colwyn]

I'm sure JohnF will have a word with The Man if you ask nicely.

[JohnF]

Had a quick word, he said "how about 4.14?" 

Seriously though, its dropping like a stone.  At this rate (3.27 to the USD), THY will be asking Biggles to come out retirement...

JF