There is nothing to suggest that the Lira will not weaken – Commerzbank USDTRY Turkey Banks
Things look to be shaping up for a tumultuous month ahead for the Turkish Lira, economists at Commerzbank report.“Erdoğan performed much better in the elections than polls had suggested. He did not receive 50% of the votes which is why there will be a second round on 28th May. He was nonetheless well ahead in the elections compared with his main opponent Kemal Kılıçdaroğlu.”
“The prospects for the Lira are not rosy under either scenario: under one there will be significant depreciation, under the other no TRY exchangeInformation on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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