It's a very oil-dependent economy, so it always looked like an adjustment in the currency was needed when oil prices fell. They delayed that adjustment for a long time so it's kind of inevitable that the currency had to weaken. William Jackson at Capital Economics More Quotes by William Jackson at Capital Economics More Quotes From William Jackson at Capital Economics The political moves point in the direction that things are likely to get worse rather than better from here on. So the lira is more likely to fall than to rise, this is about Turkish politics - I don't think there are other countries where politicians will take their cue from developments in Turkey. William Jackson at Capital Economics company-news On the economic side this will again raise concerns about the tourism sector which is struggling, partly due to security concerns and partly because of Russia, but the market impact overall is not that significant as there is a general improvement in investor sentiment and some of the Brexit turmoil seems to be fading a bit. William Jackson at Capital Economics company-news We've seen a couple of months of relatively good current account data which shows some external vulnerabilities may be declining. Plus the promise to speed up EU accession talks has led to hopes the (ruling) AK Party will re-launch reforms which stalled a few years ago when accession talks hit a brick wall. William Jackson at Capital Economics company-news Law and Justice seems to be sticking to its election pledges...you can basically draw a straight line for the zloty from May until now. William Jackson at Capital Economics company-news
