G7 finance ministers and Central Bankers will be meeting in Istanbul this week-end.

In their communiqué at the end of their meeting on Saturday they will not change their usual language on currencies a G7 source is reported to have said. It is expected to reiterate what was said at their last meeting in April after which their communiqué read “Excess volatility and disorderly movements in exchange rates have adverse implications for economic and financial stability. We continue to monitor exchange markets closely, and cooperate as appropriate”.