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Uncertainty after Turkish elections hits Lira

8 June 2015

Turkey’s lira weakened to an all-time low and stocks plunged after voters denied the ruling AK Party a majority government for the first time since 2002.

The currency tumbled as much as 5.2 percent and the benchmark stock index dropped the most in two years.

£ Sterling: Buying 4.235, Selling 4,2985