Official data released this week shows that Turkey’s current account deficit doubled over the last year hitting the value of the Turkish Lira.

Financial markets are concerned that the deficit which is now more than 8% of gross domestic product shows signs that the economy is over heating.

The good news for British tourists and expats is that they can now get more Lira for their pound.

The wholesale market rate hit 2.60 Lira to the British pound on Wednesday.