The lira's "brought-about-calm" story may not be what it seems

There's actually nothing to it in my view

This report was doing the rounds on social media with claims of "Turkey being close to possible release of US pastor" cited but this looks to be more sensational journalism more than anything else. In fact, if I read it correctly, the story should generate the opposite reaction and not further calm in the lira.

Yes, the headline is attractive. But if you actually read the story it goes on to say that a Turkish diplomat spoke about discussions in Washington where the Turks basically made exorbitant requests from the US in order to secure the release of the pastor and then blaming the US for not accepting them - or in their words "unwilling to offer" more.

The diplomat cited also went on to say that the US is not backing down from its stance that the US won't give in to any bargaining. Considering that, it looks like we're further away from a solution if anything else.

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