Turk­ish lira low.

Kathimerini English - - Focus -

The Turk­ish lira fell to a new record low yes­ter­day, tum­bling 0.7 per­cent on signs of more dis­cord be­tween Turkey and Europe. Pres­i­dent Re­cep Tayyip Er­do­gan has ac­cused Bel­gium of be­ing a cen­ter for sup­port­ers of the out­lawed Kur­dis­tan Work­ers Party (PKK) and Fethul­lah Gulen, the cleric who Ankara says or­ches­trated a failed July coup. He has also ac­cused Ger­many of not be­ing com­mit­ted to the fight against ter­ror­ism. Rox­ana Hulea, a strate­gist at So­ci­ete Gen­erale, said the lira was likely to re­main un­der pres­sure. “We do con­sider Turkey as be­ing one of the least pro­tected dur­ing this re­newed pres­sure on emerg­ing mar­kets,” Hulea said.

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