Lira Could Rally If Turkish Opposition Beats Erdogan, Says Wells Fargo - Bloomberg

Wells Fargo Sees Sharp Lira Rally If Turkish Opposition Triumphs Over Erdogan Erdogan exit would bring more orthodox policy, economist says Status quo most likely election scenario, according to McKenna A person counts out Turkish lira banknotes.Photographer: Erhan Demirtas/Bloomberg ByTaylan Bilgic March 8, 2023 at 12:16 PM EST A victory for Turkey’s opposition parties in their bid to unseat President Recep Tayyip Erdogan could trigger big gains for the lira by ushering in more orthodox monetary policy, according to a Wells Fargo & Co. economist. More:Lira Could Rally If Turkish Opposition Beats Erdogan, Says Wells Fargo - Bloomberg