A bit of a mixed bag for the Turkish...>

TURKISH LIRA: A bit of a mixed bag for the Turkish Lira in early trading 

*ALL EYES on Rate decision at 11.00GMT, with economists looking for a 150 bps

CUT to 12.5%. Range is 50 to 200 bps cuts.

-Couple of things to keep in mind here, 1) {us} US possible Sanctions on the S

400. Debacle: 

1)*U.S. Senate committee backed legislation on Wednesday to impose sanctions on

Turkey after its offensive in Syria and purchase of a Russian S-400 missile

system, the latest move in the chamber to push Republican President Donald Trump

to take a harder line against Ankara. The Republican-led Senate Foreign

Relations Committee voted by 18-4 to send the "Promoting American National

Security and Preventing the Resurgence of ISIS Act of 2019" for a vote in the

full Senate. "Now's the time for the Senate to come together and take this

opportunity to change Turkey's behaviour," said Senator Jim Risch(RTRS)

2) Erdogan saying: "we will be moving to single digits in interest rates in

2020"