CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please refer to our Risk Disclosure Statement
The USD/TRY rate tracks the price of the US dollar, the base currency, against the Turkish lira, the counter currency. Monetary policy announcements of both the US Federal Reserve and the Central Bank of the Republic of Turkey will have an influence on this currency pair as well as the respective country's interest rates.
Bank of England (BoE) cut rates for the first time in August 2024, with further easing expected in the coming months. But how low are rates likely to go?
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