• Turkish currency implodes as diplomatic rift with US reaches new low

    5 days ago - By RT

    The Turkish lira has updated a record low against the US dollar after a delegation from Ankara left Washington without a solution to a diplomatic conflict over the arrest of an American pastor in Turkey.
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  • 10 things you need to know before the opening bell

    10 things you need to know before the opening bell

    5 days ago - By Business Insider

    Here is what you need to know.
    The Turkish lira continues its plunge. It hit an all-time low against the dollar on Friday after a Turkish delegation in Washington failed to prevent US sanctions over the arrest of the American pastor Andrew Brunson. The European Central Bank said it was concerned about lenders' exposure to Turkey.
    The pound is still falling, too. It hit a fresh 11-month low against the dollar after data from the UK Office for National Statistics showed faster second-quarter gross domestic product, but a manufacturing recession.
    Russia says US sanctions on banks or foreign...
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  • The Turkish lira is sinking so fast it risks 'smashing into the ground' - and people are worried about European contagion

    5 days ago - By Chron

    Thomson Reuters
    The Turkish lira has fallen more than 10% against the dollar after a Turkish delegation in Washington failed to prevent US sanctions.
    There are concerns that contagion could spread to Europe. The euro dropped below 1.15 against the dollar on Friday.
    "is falling so fast that a parachute is the first thing that comes to mind to prevent the lira smashing into the ground," Bart Hordijk, Market Analyst at Monex, Europe told Business Insider.
    Turkish President Recep Erdogan and his newly appointed finance minister Berat Albayrak are due to speak at 2 p.m. local time today.
    You...
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