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Financial institutions are urging caution on the Turkish lira due to political risk in Istanbul.

1 report, 1 independent Updated Jul 26
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What happened

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Financial institutions are urging caution on the Turkish lira due to political risk in Istanbul.

Who's involved

What this event is mainly about
TurkeyMorgan StanleyGoldman Sachs

How it developed

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  1. Central bank governor Fatih Karahan made a statement on the economy's resilience during a speech in Istanbul.Sub-event
  2. Banks warn of political risk affecting the Turkish lira and economy.1 source

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Coverage

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  • GuruFocus.comLira Hits Rock Bottom After Shock Rate Cut -- Is the Carry Trade Party Over? Morgan Stanley (NYSE:MS) is urging caution on the Turkish liraeven as it still delivers positive returns in real terms. Th