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Turkish lira volatility gauges ignite as panic grips
Published at 10/08/2018 at 10:06

LONDON, Aug 10 (Reuters) - Turkish lira implied volatility gauges went vertical on Friday as the currency crashed on the spot market.

Lira one-week implied volatility spiked to a record high of over 49 while the one and three-month equivalents both surged to their highest since late 2008


There was a wider market spillover too as euro-dollar and euro-yen one-week implied volatility levels jumped to their highest in six weeks .

(Reporting by Tom Finn and Marc Jones; editing by Helen Reid)

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