President Recep Tayyip Erdoğan has said the depreciation of the lira was the result of an operation targeting Turkey and there is no difference between a terrorist holding a gun and one having foreign currency. Source: Turkey Purge
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China for the first time became Germany’s most important trading partner in 2016, overtaking the United States, which fell back to third place behind France, data showed on Friday. The development is likely to be welcomed by the German government. Source: Reuters
The British Bankers’ Association said its members gave the green light to 44,657 mortgages in January, up from 43,581 in December and the highest number since January last year, when 45,794 were granted. The BBA said low mortgage rates were also driving strong interest from existing home-owners in remortgaging. Source: Reuters