RUB appears volatile on political issues – Danske Bank

Christin Tuxen, Chief Analyst at Danske Bank, assessed the recent developments around the Russian currency.

Key Quotes

“Russia’s RUB has been under clear pressure as UK Prime Minister Theresa May announced retaliation measures linked to the UK’s allegations against Russia for poisoning a former spy in a British town”.

“While Theresa May has announced that 23 Russian diplomats are set to be expelled from the UK within one week, Russia’s state assets in the UK could also be frozen”.

“Yesterday’s measures from the UK were not a big surprise to the market, while today’s focus will be on Russia’s response, which could fuel RUB volatility”.