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Sterlin Turkish Lira exchange rate

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dougskud



Joined: 04/04/2008
Posts: 356

Message Posted:
02/03/2011 18:14

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Message 1 of 3 in Discussion



At 1600 GMT today it went to 2.64 which I think is the highest in recent times.



If growth continue to improve in the UK and increases to the Bank rate start to happen I think a 3.00 rate could happen before the end of October.



interesting times



regards

Doug



demoly


Joined: 12/01/2011
Posts: 45

Message Posted:
02/03/2011 18:31

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Message 2 of 3 in Discussion

Makes sense but with the high cost of oil feeding through to Turkeys inflation rate the TCB may start to raise rates as well. That could result inthe downward pressure on the pound commencing again. Just a thought.



fosterscan


Joined: 27/02/2010
Posts: 541

Message Posted:
02/03/2011 18:52

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Message 3 of 3 in Discussion

Highest just since 08-09 if we only knew which way its going.



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