Donald Trump reiterated via Twitter that the United States is planning to impose “big” sanctions on Turkey. However, the US President said that his country will not go to war with NATO ally. Nevertheless, the Turkish lira deepened decline on the news and the USDTRY currency pair stormed above the 5.93 handle on the news. The pair is trading at a fresh 1.5-month high but if we do not account for the flash crash from August, the pair is trading at the highest level since the beginning of June.
Donald Trump repeated that sanctions on Turkey are coming. Source: Twitter.
UK Gilt yields start to normalise, but the pound is a hard sell
The mood for markets shifts, as risk aversion takes hold
Economic calendar: Speeches by central bankers; quarterly results from Ferrari, AMD, and Pfizer (04.11.2025)
US focus: three things to watch this week
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
