IG issued a caution about market fluctuations due to the upcoming Turkish elections.
The Turkish lira market may shift rapidly due to the elections. The start of trading on Monday, May 15th will not be as normal as it is due to election results and many other factors.
Additionally, IG may not be able to give trading rates for Turkish lira currency pairs due to a reduction in the liquidity of covered financial institutions.
The spread between the buying price and the selling price of the Turkish Lira currency pair and the minimum input price range for additional stop orders may expand.
But IG mentioned that it may expand the spread depending on the market conditions.
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