Lira getting Stronger - Why?

[usedbustickets]

I think there has been a bit of profit taking too, so that today's dollar reserve purchases appear to have had a larger impact.  I suspect that the speculators and their fellow travellers in the financial community will take a breath for a day or two, and start over again next week to push the Lira somewhere north of 3TL to the $.

[karaokemark]

In a Nutshell I think
http://www.hurriyetdailynews.com/whatever-happened-to-the-turkish-lira.aspx?pageID=449&nID=87331&NewsCatID=403

[thebillet]

That makes very scary reading. It suggests the last 10 years or so is the exception and currency will return to the volatile state it used to be before.

[Colwyn]

I opened this thread on Page 1 by mistake and was reminded of how Ian had started it. He was talking about the lira getting stronger and going to 3.56ish to £. We are now asking why the £ has gone down to 4.58 (from peak of 4.7). So 3.56 to 4.58 - and, Ian's post was in October last year, just 10 months ago.

[Scunner]

Are you saying Ian caused all this?

[davybill]

Its no good blaming Ian,I think R.E has a bit to do with it.

[Scunner]

Ian has been very quiet on the subject lately

[kevin3]

  Possibly preoccupied with shoe box stuffing.?

[kevin3]

   TL  4.63      And Reg hasn't said a word today. !!

[yabanci]

Thats because he is well chuffed that his team are currently sitting pretty at the top of the Spor Toto Super Lig.