The Turkish lira jumps after Recep Erdogan wins the Sunday presidential elections, and his Justice and Development Party, together with Nationalist Movement Party, get the majority of the seats in the parliament - DJ

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25 June 2018

The Turkish lira jumps after Recep Erdogan wins the Sunday presidential elections, and his Justice and Development Party, together with Nationalist Movement Party, get the majority of the seats in the parliament - DJ

.This pushes USD/TRY down to its lowest in nearly two weeks of 4.5373, and it last trades down 1.8% at 4.5952.

The FTSE 100 is firmly in negative territory on continued trade tension between the U.S. and China. London's blue-chip index falls 0.9%, or 72 points to 7610.34 - DJ

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