And the strange factor creating this is, its not inflation, its not interest rates, its not crude oil, its not other countries poorer exchange???
it's tax cut in turkish textiles.
Textile manufacturers claim (as they do) "they are no longer able to produce to the same standards due to the overvalued new Turkish lira", now thats an excuse for producing cr@p.
A 10 percent tax cut to relieve the sector, all eyes (except Trinadad who has only one eye) turned to the IMF, who said it is not pleased (i.e extremely p155ed off) with the exchange policy change initiated by the Central Bank of Turkey.
It also considers the tax reduction is a concession in the economic program.
Dippz
When it gets to 3.00 i'm cashing my £'s up.