The Pound now buys 2.54 Lira as the currency continue to weaken.

Independant analysts expect the Turkish central bank to come under pressure to weaken the lira and reduce high interest rates next year as political parties begin preparing for presidential and parliamentary elections. The Pound today buys 2.54 Lira and, as the graph below shows, the changes have already begun. There has been a weakening of 7.5% since the 1 April 2006.