The pound went down

Despite the increase in the REPO rate to 0.75% in the monetary policy normalization cycle and the acceleration of the British economy from 0.2% in the first quarter to 0.4% q/q in the second quarter, the sterling is the worst performer among the G10 currencies in the previous three months. Its losses against the US […]

Global macro overview for 13/08/2018

In the statement released this morning, the Turkish monetary authorities have announced the announcement of several activities that have one goal — to calm the situation around the domestic banking system and restore confidence in the lira. The Central Bank of the Republic of Turkey announced, among others, providing the liquidity needed by commercial banks, […]