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Compare GBP to TRY travel money rates

Find the best currency exchange rates (British Pound Sterling to Turkish Lira cash)

This travel money calculator compares currency exchange rates for buying Turkish Lira foreign cash or purchases and withdrawals made with travel cards. Alternatively, you can compare GBP to TRY foreign transfer exchange rates or use our quick and easy GBP to TRY currency converter instead. We also help you save on your hotel costs - Search Turkey hotel deals.

Currency news and forecasts for British Pound Sterling and Turkish Lira

Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second currency.

So it follows that if you are determining the best time to transact, in this case the GBP vs TRY, you should pay attention to both British Pound Sterling and Turkish Lira news and forecasts.

British Pound Sterling (GBP) - Market news and forecasts

10-December-18: UK politics was in a state of disarray in December and a no-deal Brexit was looking ever more likely. As a result, sterling struck a 20-month low against the dollar ($1.251) and a 3-1/2-month low against the euro (€1.1). Against each of its peers, sterling had been worth 17 percent more prior to the UK’s EU referendum in June 2016.

The Bank of England has predicted a shocking 25 percent loss in the pound’s value in the event of a “disorderly” no-deal Brexit, under which there will be serious border delays and a marked loss of confidence in Britain’s financial institutions.

In the more likely event of a milder, “disruptive” no-deal Brexit, under which goods face tariffs but flow somewhat easily, sterling still loses 15 percent, the BoE believes.

How likely is no-deal? It’s highly likely unless Prime Minister May achieves a time-limited backstop; British MPs will not accept much else. This will be difficult for May to achieve — EU negotiators have already said that their previous offer was the last and only offer — and little time remains, with Brexit scheduled for March-29.

Turkish Lira (TRY) - Market news and forecasts

10-December-2018: The lira stabilized in the fourth quarter, albeit at relatively low levels, thanks to tighter monetary policy at Turkey’s central bank. The lira experienced a full-on crisis mid-year.

Between January and August 13th, the lira lost nearly half its value (46 percent to be precise). On December 10th, at a rate of 5.325 to the US dollar, the lira’s loss for the year was down to 29 percent.

There are a host of reasons for the lira's weakness in 2018; these include high inflation, which remains above 20 percent, a deterioration in Washington-Ankara relations, threats to global trade from this year’s US-China trade tensions, and the strong dollar and firmer US yields, which make foreign loan repayments more expensive.

The lira will weaken to 5.75 per dollar by the end of 2019, a Commerzbank analyst said in December. A moderation in inflation will prompt a reduction in interest rates, the analyst believes, and this will not be viewed favourably by investors.

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