FXStreet (Edinburgh) – Strategists at TD Securities noted the divided opinions regarding the potential outcome from the Turkish Parliamentary elections due on Sunday.

Key Quotes

“On 7 June Turkish parliamentary elections take place with the outcome highly uncertain”.

“The big question is whether the HDP clears the 10% threshold. If they do then the AKP is unlikely to achieve an outright majority; some sort of coalition is then likely”.

“If the HDP get less than 10% then the AKP will probably achieve an outright majority, but will it be big enough to change the constitution to a presidential system of government?”.

“The least-worst outcome for the markets is an AKP outright majority, but not big enough to implement a change in the constitution”.

Strategists at TD Securities noted the divided opinions regarding the potential outcome from the Turkish elections due on Sunday 7th June…

(Market News Provided by FXstreet)

By FXOpen