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Turkish lira crisis a double-edged sword for British travel industry

Operators
James Chapple
15 August 2018

The recent instability of the Turkish lira is good news for British travellers but not necessarily for the British travel industry, an industry expert has told TTG.

Turkey iStock-665931564.jpg

With the lira already having lost nearly half its value against the pound this year, rates tumbled further over the weekend after US president Donald Trump hiked trade tariffs on Turkish steel and aluminium imports. Turkish president Recep Erdogan branded the move a "stab in the back".