If the lira is dropping against the pound it must be about the only currency that is! Rumour has it interest rates over here will be as low as 2.5% before too long so expect the pound to drop further (except against the lira it seems). Not quite sure why the lira is dropping but there are a few countries in a real mess right now. Iceland have just put there interest rates up to 18% (from 12.5) to stop their currency collapsing completely! Quite a few countries are looking to borrow from the European Central Bank in order to prop up their economies.
Worrying times.