Rabobank FX Strategist Foley Sees Pound Falling Further

The video discusses the Bank of England's interest rate expectations, highlighting the impact of Omicron and inflation on the UK economy. It covers revised currency targets for GBP and EUR, and the challenges in analyzing the Turkish Lira due to market distrust in the Central Bank's policies.

What is the speaker's revised target for the currency pair mentioned, and what factors influenced this revision?

What are the implications of the Turkish lira's current situation as described in the text?