TL slipping again

[Fran]

It’s gone over 9 now


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[wickwilly]

9.06 at the moment.

[KKOB]

9.079

[Ray1951]

Sounds wonderful but the Turks won’t lose so their prices fluctuate with the exchange rate.

[Scunner]

The Turks certainly will lose massively from a weak lira - not sure how you worked that one out.

[MrT]

I do hope it's another short-lived blip like the one in 2018, It's The last thing the people of Turkey need at the moment.

[Scunner]

I agree MrT but the word on the Sokak is that the Turkish government is heading towards devaluing the TL, which will accelerate massively the trend seen recently and close countless Turkish businesses forever.

As it stands let’s be clear - the Turkish lira has lost nearly 5% just this week, and a full third of its value in the last year.

[KKOB]

So glad we got our money out. It would have lost us £17,000 more in exchange.

[Scunner]

Hit 9.169 earlier

[Scunner]

Hit 9.1818 later