Turkish lira firms before finance minister's presentation


  • World
  • Thursday, 16 Aug 2018

FILE PHOTO: A 100 Turkish lira banknote is seen on top of 50 Turkish lira banknotes in this picture illustration in Istanbul, Turkey August 14, 2018. REUTERS/Murad Sezer/File Photo

ISTANBUL (Reuters) - The Turkish lira strengthened more than 3 percent on Thursday before a presentation by Finance Minister Berat Albayrak to investors, shrugging off U.S. comments ruling out the removal of steel tariffs on Turkey even if it frees a U.S. pastor.

The currency gained some support from the announcement late on Wednesday of a Qatari pledge to invest $15 billion (£11.8 billion) in Turkey and Albayrak will be looking to reassure investors in his conference call at 1300 GMT.

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