Posted inMiddle EastTurkey

Turkish lira seen heading for record lows after fleeting rally

Turkey’s embattled currency rallied briefly after Sunday’s election victory for President Recep Tayyip Erdogan dispelled concerns about growing political uncertainty. But the lira, which has fallen by almost 20% versus the US dollar so far this year, resumed its quest for another record low after the reality facing policymakers set back in. Turkey’s central bank […]