15 Jun 2015
Turkey still looking to form a government – TDS
FXStreet (Edinburgh) - Strategists at TD Securities assessed the possibility of a new government in Turkey in light of the recent Parliamentary elections.
Key Quotes
“In Turkey there are no major data releases this week so the focus will be firmly on the attempts to form a governing coalition, with a continuing steady stream of statements from the party heads indicating what they are, and are not, prepared to do”.
“The best outcome for the markets is the AKP in coalition with another party, ideally the MHP, but this is far from certain”.
“A CHP/MHP/HDP coalition is a distinct possibility, but it would be unlikely to last very long, and hence would not be taken so positively by the markets”.
Key Quotes
“In Turkey there are no major data releases this week so the focus will be firmly on the attempts to form a governing coalition, with a continuing steady stream of statements from the party heads indicating what they are, and are not, prepared to do”.
“The best outcome for the markets is the AKP in coalition with another party, ideally the MHP, but this is far from certain”.
“A CHP/MHP/HDP coalition is a distinct possibility, but it would be unlikely to last very long, and hence would not be taken so positively by the markets”.