Tag Archives: currency markets

Turkish lira sinks after Erdogan head of central-bank

Following the sudden ouster of the central-bank governor last week, Turkey’s currency fell nearly 8% on Monday, setting the course for its biggest single-day selloff since 2018. According to Factset, the lira touched a low of 2 8,280 compared to 2 7,219. Turkish stock also sank. The uproar erupted after …

Read More »

Sterling drops increasing risk in the risk of a deal

On December 6, 2020, Northern Ireland passes through a lorry security at Lar R Lane, a port in Antarctica. Paul Faith | AFP | Getty Images London – U.S. Sterling extended losses against the dollar on Monday, amid fears the UK and EU negotiators could fail to reach a deal …

Read More »