After a relatively calm week, the volatility of the Turkish lira rose on Monday. The tensions between Turkey and the US have not settled, Pastor Brunson is still in custody, and investors do not seem to have any reason to regain confidence in the pound. Financial problems could jeopardize the economic outlook, JP Morgan revising the economic growth forecast for 2019 from 2.8% to 1.1%. USDTRY appreciated today with over 4% today, the Turkish lira showing the weakest performance in the forex market.
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