Turkey

Another week has flown by and what a disastrous one it has been for the likes of the Turkish lira and to a lesser degree the British pound, but once again it has been a good for the US dollar.

The economic situation in Turkey has been a powder keg for months, and it’s finally found a spark.

The Turkish Lira slumped late in the day on Friday when news of what turned out to be an unsuccessful coup attempt in Turkey hit the wires. The lira was able to regain its poise at the open overnight, but volatility should remain high in the coming days nonetheless. Understandably, there is still a lot of uncertainty in Turkey and risks remain high ...