'As bad as Brexit': Turkey faces currency crisis after Erdoğan sacks bank chief

Lira could plunge 15%, analysts warn, after Turkey's president risks destabilises fragile economy with removal of governor

The Turkish lira could plunge up to 15% in an ugly reaction" when financial markets reopen on Monday, analysts have warned, after president Recep Tayyip Erdoan sacked the country's central bank chief days after a sharp rise in interest rates.

With one expert calling the decision as bad as Brexit", Erdoan shocked global investors by removing the bank chief after only five months and replacing him with a party loyalist.