Today the Turkish lira has tumbled to a new low against sterling,

tipping it over the critical barrier of 4TL to £1.

Sterling to Turkish Lira

What does it mean?

This is bad news for those with Turkish Lira incomes and debts in Sterling

but great for tourists and those who keep their savings in pounds.

We will be following the Sterling and Turkish exchange rates and

will post any developments on this website as and when they happen.