June 11, 2019 / 1:25 PM / 2 months ago

CORRECTED-U.S. sanctions on Turkey would have 'significant impact' on lira sentiment -Fitch

(Corrects name of speaker on Fitch call)

ISTANBUL, June 11 (Reuters) - Any U.S. sanctions on Turkey would have a “significant impact” on sentiment around the Turkish lira, credit rating agency Fitch said on Tuesday, as ties are strained between the two NATO allies over Ankara’s planned purchase of a Russian missile defense system.

In a conference call, Paul Gamble, senior director and head of emerging Europe at Fitch Ratings, also said it expected the Turkish economy to contract by 1.1% in 2019, including negative growth in the second quarter.

Reporting by Ali Kucukgocmen; Writing by Humeyra Pamuk; Editing by Jonathan Spicer

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