TL's doing rather well

Texas


Joined: 22/09/2009
Posts: 634

Message Posted:
08/01/2010 20:26

http://uk.finance.yahoo.com/currencies/converter/?amt=1&from=GBP&to=TRY&submit=Convert#from=GBP;to=TRY;amt=1



£1.00 = 2.3381 at 20:25 TR time, 08/01/10.



Now, we'll get all the usual incorrect responses relating to TL going down, (and therefore being worth less!!!).

fiendishpaul


Joined: 18/05/2008
Posts: 1720

Message Posted:
08/01/2010 20:39

Texas



I am happy to see TL strengthen against the pound but for a lot of people in NC who have to convert a sterling pension into TL this is not such good news.

Texas


Joined: 22/09/2009
Posts: 634

Message Posted:
08/01/2010 22:00

I'm still waiting for MarkVPiazza to comment.



He has been pedicting £1.00 = 5TL for a few years now.

karakum5c



Joined: 18/03/2008
Posts: 1021

Message Posted:
08/01/2010 22:02

Its because Bank of England have indicated British interest rates will remain at low level for a long time.



Low interest rates weak currency !



Turkey not doing well just Britain doing a lot worse !

scruff


Joined: 15/07/2008
Posts: 1070

Message Posted:
09/01/2010 02:06

Msg 4

I agree. Weak £ not strong TL.

Msg 5

He has hasn't he. Not happened yet.

professoregit


Joined: 30/08/2008
Posts: 381

Message Posted:
09/01/2010 08:28

Looks like the signing of a new deal with the IMF is iminent, if/when it happens you could see it go further.

Aussie


Joined: 17/06/2007
Posts: 657

Message Posted:
09/01/2010 11:56

Its not just the pound the lira euro rate has dropped from up t 2.3 to 2.1 over the last few weeks so there must be some current strength in the TL now.



As to why have no idea.



Aussie