PODCAST: Turkish lira steadies but uncertainty takes its toll

Source: ICIS News


LONDON (ICIS)--After rollercoaster movements since the beginning of August, the Turkish lira stabilised against the US dollar last week but the currency has lost more than 40% of its value year to date.

The resulting volatility in the Turkish financial markets has hit the economy hard, with many sources in the country pessimistic about a prompt return to calmer waters.

In this podcast, ICIS News Editor for Europe Jonathan Lopez speaks to Aura Sabadus, Editor at the Turkish Energy Hub Daily at ICIS Energy, and Ben Lake, Markets Editor covering Turkish polymers at ICIS, to assess the impact of recent events on the Turkish energy and petrochemical sectors.