Bankers said the lira's weakness was due, in part, to a Reuters telegram, citing sources saying that Turkish President Recep Tayyip Erdogan was losing confidence in the central bank Governor
lira
The negative outlooks reflect the downside risks associated with a balance of payments crisis, which could lead to capital controls and restrictions on foreign currency outflows
The Turkish President is trying to hold the failing currency
The Turkish lira continues its fall
Market concerns over geopolitical uncertainty in the wider region
Economic and political turmoil flare up rumours
"Downward pressure on Turkish assets will be back very soon"