- Analytics
- News and Tools
- Market News
- Turkish Elections: Lira reaction will likely be sharply positive initially if opposition wins – Commerzbank
Turkish Elections: Lira reaction will likely be sharply positive initially if opposition wins – Commerzbank
Ahead of highly consequential presidential and parliamentary elections coming up on 14 May, and possibly extending to 28 May, Commerzbank’s FX forecasts are only symbolic for now.
Lira to ultimately break out of its recent low-volatility state if Erdogan wins
“If Erdogan wins, we expect the Lira exchange rate to ultimately break out of its recent low-volatility state produced using regulations and numerous capital controls.”
“If the opposition Nation’s Alliance wins, the market reaction will likely be sharply positive initially. But the coalition is made up of smaller parties, which came together only to oust Erdogan. The market’s enthusiasm could fade if the coalition were to run into cooperation or policy implementation challenges, which would remind markets that Erdogan can return to power.”
“Ahead of this outcome and in view of potential market dislocation, our forecasts are symbolic for now.”
Source: Commerzbank Research
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
