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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
RUSSIA
- GBP/RUB has taken a leg lower today after four tests of dynamic support from the 50dma at 97.845 as risks surrounding ‘Plan B’ restrictions hit UK markets.
- Geopolitical risks, combined with oil weakness and broad-based risk off pushed the cross +6.33% higher from the 11 Nov lows to peak at 101.0554 on 26 Nov, which corresponds with the crescendo in geopolitical tensions over Ukraine.
- RUB has been gaining ground against most G10 currencies since then as Ukraine risks dissipate and US-Russia talks become more constructive.
- Moreover, support from market expectations for further CBR hikes has continued to bolster the currency against late hikers
- Next major Support stands at 96.6784, 95.522 & 95.0418
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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