GBP to TRY Forecast & Outlook
18 Apr 2026 • 00:56 GMT
📊 Forecast snapshot
- Near-term bias: 🟢 Mild upside
- Expected range: 60.6800 – 61.7420
- Dominant driver: 🌍 Global risk sentiment
- 3-month trend: ⚪ Range-bound
Currently, GBP/TRY is trading near 90-day highs around 60.68, supported by risk-on sentiment and improved risk appetite. The pair has held within its recent 5% range, with recent upward momentum linked to broader global risk conditions. Near-term conditions suggest a continued tendency for the pound to find support around current levels, though potential volatility remains if risk sentiment shifts.
💸 Transfer implications
- Expats: sending GBP to Turkey may remain supported, making purchases in TRY more favourable than recent levels.
- Travellers: exchanging GBP for TRY could face slight support, but caution is warranted if risk appetite diminishes.
- Businesses: paying Turkish invoices in GBP may be more advantageous now, though changes in global risk sentiment could weigh on this.
🧭 Key drivers
- Rate gap: The UK’s monetary policy stance remains generally balanced, but the rate differential with Turkey is less clear due to Turkey’s hawkish tone and elevated inflation.
- Risk/commodities: Global risk sentiment is currently risk-on, boosting risk-sensitive currencies like GBP and supporting the pair.
- Global factors: Market risk appetite driven by broader macro conditions remains a key influence.
⚠️ What could change it
- Upside risk: A further global risk-on shift could intensify gains, pushing GBP/TRY toward recent highs.
- Downside risk: A deterioration in risk sentiment or Turkish monetary policy tightening signs could weaken the pair.
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