Lira getting Stronger - Why?

[JohnF]

Keep up Kevin, 4.14 now  

JF

[kevin3]

Sorry John, I blinked.     

[Colwyn]

The £ has been on a giddy ride. Wednesday up across the board; Thursday down nearly everywhere; today up again. Meanwhile the $ has been steadily marching on. Another record made today at over 2.74.

[Colwyn]

The odd world of currency. Rule #1 of currency is that markets don't like uncertainty. Here we are a little more than 24 hours ahead of the most uncertain UK election in living memory. So what does the £ do? Shoots up by about 0.75% today against the TL while the $ has strolled up by a mere 0.25%. Anybody who predicted that is entitled to advise tourists on what the exchange rate will be in August.

[usedbustickets]

Anybody who predicted that is entitled to advise tourists on what the exchange rate will be in August.

Yes but can these successful economic pundits be trusted to advise tourists of the price of Efes in August?

[kevin3]

     Back up to Tl. 4.14           The President has spoken. ??

[davybill]

yes I had 4.14 in Seker bank this morning,

[Colwyn]

     Back up to Tl. 4.14           The President has spoken. ??

Can't blame RTE for everything Kevin. The £ is up against every major currency in the world - except the Mexican peso. We must have had an election result or something.

[stoop]

You mean we must have had a positive election result or something, Colwyn ;-)

[Colwyn]

Positive as in "definitive" Stoop. Very positive for bankers, financiers and millionaires like Cameron, Osborne and their chums. A tragedy for most of the rest of us. Case of turkeys voting for Xmas.