Should I transfer my Turkish Lira into British Pounds now!!

I Have 200000 Turkish Lira. Should i cash it into British Pounds now or
hold on!!! Thank you

Brian,

Thanks for getting in touch via our partner company currencynews.co.uk.

In answer to your question, the problems for the Turkish Lira are deep-set. The continued and increasing threat posed by the so-called Islamic State alongside a low generalised appetite for emerging market currencies means that this situation is not likely to turn around in the short-to-medium term.

For this reason, I would consider selling your TRY sooner rather than later.

Best Regards,

John Cameron
currencynews.co.uk
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