Reuters reported that EU Chief Barnier will explain the situation to the member countries tomorrow about the negotiations with the United Kingdom. Information is from EU diplomatic sources. The pound is being bought again in the hope of positive content.
(Source: Minkabu)
The volatility of European currencies is rising, but this is always the case, but I don’t know the result, so I’ll wait.
〇 Turkish central bank raises interest rates as expected
The Bank of Turkey announced on the 19th that it will raise interest rates as expected by the market. The new Governor Arbal has acted boldly in line with his commitment to restore transparency in monetary policy.
Turkey’s central bank’s new governor, Arbal, announces increased policy transparency-stakeholders
The Monetary Policy Committee raised the weekly repo interest rate from 15% and 10.25%. That’s what most analysts expected in a Bloomberg survey. It also announced that it will provide all funding at the one-week repo rate, which is the main policy rate.
(Source: Bloomberg)
It seems that buying is gathering in the Turkish lira.
While watching the return, I plan to consider selling USDTRY.
