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Turkish Bonds and Stocks Gain as US Pastor Is Freed

2018/10/14 | 05:35

(Iraq Now News)- The lira swung between gains and losses after a Turkish court freed a US pastor after a two-year-long detention, paving the way for a thaw in ties with Washington.

Bonds and stocks gained.

The lira was expected to extend an advance on the release of Andrew Brunson, yet investors held fire after a five-day rally fuelled by speculation his release was imminent.

The pastor was sentenced to more than three years in jail but freed on time served, over his alleged involvement in a 2016 coup attempt.

© Gulf Times Newspaper 2018

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