Author Topic: Lira getting Stronger - Why?  (Read 124797 times)

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Offline sadler

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Re: Lira getting Stronger - Why?
« Reply #1120 on: July 11, 2018, 21:30:39 PM »



Offline Stuart T

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Re: Lira getting Stronger - Why?
« Reply #1121 on: July 11, 2018, 21:38:52 PM »
Never used to be.

Economic evolution?

Offline Karennina

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Re: Lira getting Stronger - Why?
« Reply #1122 on: July 13, 2018, 17:50:03 PM »
Been watching the tl on xe ever since the new finance minister was appointed, today even though its well known that you normally get less as we head to the weekend at my last look its now at 6.40! Is it going to reach 7 next week who knows...some one asked a question the other day think it was on here if restaurants would be printing new menus because of the high exchange rate, a place we went to the other day and not been for a while has increased a lot on its menu and stuck little stickers over the prices, though id guess this would be more to do with the inflation rate wouldnt it? 

Offline Ray1951

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Re: Lira getting Stronger - Why?
« Reply #1123 on: July 14, 2018, 19:35:28 PM »
We were astonished at thereasonable prices in June.  We thought the exchange rate would have seen prices increase but overall, they hadn’t. Food in Mosail Bacphce and Livadi were incredibly reasonable and excellent quality and it was much the same everywhere.

Online KKOB

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Re: Lira getting Stronger - Why?
« Reply #1124 on: July 15, 2018, 06:52:43 AM »
Food in Mosail Bacphce and Livadi were incredibly reasonable......

And the drink ?  ;)

Offline JohnF

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Re: Lira getting Stronger - Why?
« Reply #1125 on: July 15, 2018, 14:17:05 PM »
Big day for the lira tomorrow. 

Fitch, the global ratings agency, downgraded Turkeys status to BB with a negative outlook.  As far as I can make out, this information wasn't released until after the markets had closed on Friday night (13th July).

Another concerning item is that the stock exchange appear to have virtually condoned insider trading - they have suspended the directive that meant folks (or their families), with close connections to a particular company or stock, who trade in that stock using internal information will no longer be investigated.

Those coupled with rampant inflation, uncertainty over the wee fellas son in law's abilities and doubts over the independence of the central bank mean we could be looking at a serious drop in the lira as soon as the markets open tomorrow.

JF

Offline JohnF

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Re: Lira getting Stronger - Why?
« Reply #1126 on: July 16, 2018, 09:35:44 AM »
Well, just goes to show that the financial markets are funny old beasts. So far the lira is trading round about the same as on Friday.

Maybe the son in law IS a financial genius...

...and maybe I'll be flying to the moon on Thursday  :)

JF

Online KKOB

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Re: Lira getting Stronger - Why?
« Reply #1127 on: July 16, 2018, 10:53:49 AM »

Offline yabanci

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Re: Lira getting Stronger - Why?
« Reply #1128 on: July 24, 2018, 08:14:32 AM »

Offline davybill

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Re: Lira getting Stronger - Why?
« Reply #1129 on: July 24, 2018, 12:05:16 PM »
Well, just goes to show that the financial markets are funny old beasts. So far the lira is trading round about the same as on Friday.

Maybe the son in law IS a financial genius...

...and maybe I'll be flying to the moon on Thursday   :)

JF
What with Thomas Cook.LOL.




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