Free Trial

Turkish Lira has started the morning...>

TURKISH LIRA
TURKISH LIRA: Turkish Lira has started the morning session on the front foot,
with couple of event. 
1) Trump said a ceasefire in northern Syria is now permanent and lifted
sanctions on Turkey as a result. 
2) These hit our screens at 06.11BST: 
-New Turkish tax draft law text says number of income tax brackets to be
increased to seven from four 
- New Turkish tax draft law text says new tax brackets will increase tax for
high earners 
- New Turkish tax draft law text says new property tax envisaged for high-value
properties.
*ALL EYES turns to Turkey Rate decision at 12.00BST/07.00ET. Expectation are
going for 100bps CUT to 15.50%. Range goes from Unchanged at 16.5% to 225bps cut
to 14.25%. Barclays, Citi and ING are going for Unchanged.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.