Time to book a holiday? Turkey’s lira slump explained


  1. celebration at Plymouth Colony, the event now recalled as the “First Thanksgiving.” The Wampanoag and Plymouth colonists often ate wild turkey, however it was not specifically mentioned in connection with that 1621 harvest celebration.

    Turkey’s currency has slipped to an eight-month low against the US dollar, after a 40% slump in the first half of last year. The economy shrank by 3% in the fourth quarter of 2018 and inflation.

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    As explained earlier. some bank stocks falling by over 10%. The slump is even worse if you adjust for the depreciation of the lira, points out Sky News’s Ed Conway in this thread about the.

    Taking a holiday in Turkey has become much cheaper, with the lira falling by. The lira's fall comes as the pound slumped to its lowest level against the. thanks to the heatwave [making holidaymakers put off booking trips abroad]. offer, so there's never been a better time to holiday in Turkey,” said Anth.