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FXpoliticaldynamics

EUR / TRY - Politics to remain on the spotlight

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Euro / Turkish Lira (FX:EURTRY)  
FXpoliticaldynamics Updated   
FX:EURTRY   Euro / Turkish Lira
EUR TRY eurtryshort eurtryanalysis eurtrade politics political geopolitics turkey EUR TRY
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eurtry eurtryshort eurtryanalysis eurtrade politics political geopolitics turkey eur try
Since late January, the Central Bank of the Republic of Turkey has produced consistent efforts to stabilize the currency. This has produced tangible results with a upward correction although persistent political tensions. Erdogan's referendum victory is likely to be the most market-friendly option. A "No" scenario may lead to early elections and a period of political uncertainty.
Trade closed manually:
"No" ahead in latest public opinion Surveys. Market negative. The likelihood of increased political turmoil and early elections increases.
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