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Turkish Rate Decision – A big win!

In Trade Plans by CathyLeave a Comment

Yesterday we got the type of trade I live for, a surprise cut to the Turkish interest rate.
With only one out of twenty-three economists predicting a change to the rate, the forecast was to remain at 19%. Last time we saw a shock move of more than 0.5% we saw 900 pips immediately after. Today, I’m delighted to say we saw the same again a shock cut to 18 % and over a 1000 pips banked.