(Bloomberg) -- The Turkish lira may gain in the next month because Prime Minister Recep Tayyip Erdogan is likely to stay out of the nation's presidential elections, according to Standard Chartered Bank.
Erdogan will say on April 25, the final day for candidates to come forward, who will represent his governing party in the election, party deputies told Bloomberg News yesterday. Secular Turks are concerned an Erdogan presidency may try to change the nation's constitution and ``undermine the state's secular foundations,'' Standard Chartered analysts said in an April 13 report.
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