Chart of the week: Turkish lira slumps to all-time lows
The Turkish lira slipped by more than 5% against the US dollar in October alone, and is now close to revisiting January’s all-time lows.
The Turkish lira slipped by more than 5% against the US dollar in October alone, and is now close to revisiting January's all-time lows. Iraq's Kurdish region is seeking independence, which some fear could foment unrest among Turkish Kurds. A spat with the US over visas illustrates the government's authoritarian and irascible tendencies. In these circumstances, global investors require a decent real yield on government bonds to stick around, but with inflation at 11%, high compared with other emerging markets, and the average yield on debt at 11.4%, they're not getting one.
Viewpoint
The City View, City AM
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Millions at risk of 'unnecessary' tax bill – how to shield your savingsMillions of Brits could be taxed on their savings interest this year as their savings interest exceeds the personal savings allowance. Are you at risk?
-
Savers will have to wait as long as 48 years to build a £1m cash ISA pot if allowance is cutChancellor Rachel Reeves is rumoured to be planning a cut to the cash ISA allowance in the Autumn Budget, making it harder for savers to build wealth. Will you still be able to build a £1 million cash ISA pot?
