Rattled markets ended a rollercoaster week on the back foot after the Turkish lira’s recovery suffered a setback with tensions mounting with the US. US treasury secretary Steven Mnuchin warned the country will turn up the heat on under-fire president Recep Tayyip Erdogan by imposing more crippling sanctions if Turkey refuses to free American pastor Andrew Brunson. The row is likely to escalate in the coming days after a court in the Turkish city of Izmir decided to reject an appeal for release by Mr Brunson. The lira started trading brightly, rallying for a fourth consecutive day, before it slipped …read more
Source:: Yahoo Finance
