Lira getting Stronger - Why?

[BernieTeyze]

Hey Kev, when you posted 4,11 for Garanti, the bank in fethiye was only offering 4,7. Hence me joining kuvait Turkey 4.8. Took the advice on here looked around, and Deniz and the one over the road were 4.5.

[Colwyn]

You are missing out that .0 again Bernie!

Although the £ is doing well the benchmark for currencies is the $. On that measure the lira is 7% down since the start of November. Perhaps it will bottom-out soon; if it doesn't Bernie's 5TL:£ may actually be on the cards in the next 6 months.

[BernieTeyze]

I,ll hang on to my £40 then 

[JohnF]

Yeah, stick that forty quid in yer knickers for a rainy day.  All the market forecasts are that the lira still has a bit to go, certainly against the USD, before any "bottoming out" is likely to be seen.

As regards Sterling, I think a lot will depend on the up coming Supreme Court decision which could push it substantially either way against most currencies, although maybe not the lira or the Chinese Yuan    In the interim, I suspect we might see a slowing down of the slide against Sterling but with the lira, who knows!  It could hit five to the pound by the end of the month if it does carry on the way its going.

That was all just a roundabout way of saying I haven't really got a clue  

JF

[Colwyn]

Yeah, stick that forty quid in yer knickers for a rainy day.

Bernie forgot to pack her knickers.

[Scunner]

I heard she left them on the plane

[Stuart T]

She's a carpenter?

[JohnF]

I heard she left them on the plane

So that why the polis and jandarma were out in force at Antalya the other day then, chemical warfare suits and three dead sniffer dogs I heard.

JF

[BernieTeyze]

That was rather rude Mr F..

[JohnF]

Only slightly  

Anyway, you started it.

JF