(To see Saturday update click here.)

On Friday night, an army group in Turkey said it has taken control of the country, with bridges closed in Istanbul and aircraft flying low over Ankara. 

A statement from the military group read out on NTV television said: “The power in the country has been seized in its entirety.” Who represents the group remains uncertain.

 Turkish soldiers block Istanbul’s Bosphorus Bridge. Photograph: Gokhan Tan/Getty Images

A correspondent for Turkish state broadcaster TRT told Reuters that soldiers had entered TRT buildings in Ankara. An announcer on TRT soon thereafter read a statement, on military orders, saying that democratic and secular rule of law had been eroded by the current government. A new constitution would be prepared as soon as possible, the announcer said, but for now, martial law is in effect.

The dollar jumped about 5 percent against the Turkish lira on those reports. The iShares MSCI Turkey ETF TUR, -5.24% was down 2.5% to $41.61.

#Breaking :Civilians rush to withdraw money from ATM machines in #Turkey as military attempts coup via @RudawEnglish pic.twitter.com/iuARIMMgbj

— ??? ?????? (@HSajwanization) July 15, 2016

From Telegraph.co.uk:

The Lira has crashed to Brexit lows against the USD – down a stunning 14 handles!!

Source

And The MSCI Turkey ETF is crashing 9% after hours…

Source