Lira getting Stronger - Why?

[KKOB]

Shots fired at the US Embassy in Ankara.

https://www.aljazeera.com/news/2018/08/turkey-shots-fired-embassy-ankara-deepening-row-180820054356692.html

 That'll ease the tension.  

[nichola]

Turkey has initiated a dispute complaint with the World Trade Organisation against additional tariffs imposed by the United States on Turkish steel and aluminium imports, the WTO said on Monday.

www.nytimes.com/reuters/2018/08/20/business/20reuters-turkey-currency-usa-wto.html

[Highlander]

Looks like the lira might be in for a bit of a battering when the markets open on Monday.  S&P and Moody's both downgraded Turkeys rating further yesterday, although S&P did suggest that an upgrade is possible if they see the new economic policies working and inflation to be curbed.  The inflation figure for August is looking to be a pretty important figure, lets hope it's not an increase from July.

JF

Did it go "down" (less tl to the GBP) then ?

[davybill]

Never mind China going to lend Turkey a  few bob.

I thought it was that great footballing nation, Qatar, that had volunteered to save the economy ...........

China also according to the news.

They'll take money from anyone, just a shame Russia is a bit skint right now...   

JF

must have Scottish ancestors.😁😁

[KKOB]

Looks like the rollercoaster is setting off again. 7.93 on xe.com

[marina]

You missed the bit where it went over 8 earlier today before dropping down again!

[KKOB]

Oh, I'm sorry. I have a life.  

[marina]

 Really?   

[Daffodil2017]

Goodness gracious! 12pence for a Turkish Lira today!

[Stuart T]

I have some "travelling" Lira for when I arrive and then will exchange some pounds sterling in Calis.

I thought to add a few Lira before departing and discovered that Lloyds Bank has no Lira and the local Post Office has ordered its "maximum"amount and has none to spare. The local Tui has no Lira and doesn't know when they'll have any more.

The UK's run out of Lira!

Should I use hard cash/notes to buy Lira in Calis or would my Lloyds debit card work just as well without prohibitive penalty?

If cash is best I'll draw it out tomorrow before Thursday's much looked forward to arrival.

Thank you.