{"id":111792,"date":"2022-03-03T10:55:59","date_gmt":"2022-03-03T10:55:59","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=111792"},"modified":"2022-03-03T10:57:05","modified_gmt":"2022-03-03T10:57:05","slug":"106145-rub-gbp-russias-ruble-nosedived-13-to-its-lowest-level-ever","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/106145-rub-gbp-russias-ruble-nosedived-13-to-its-lowest-level-ever\/","title":{"rendered":"RUB\/GBP: Russia\u2019s Ruble Nosedived 13% to its Lowest Level Ever"},"content":{"rendered":"<ul>\n<li>Ruble\u2019s relief rally against the Pound on Wednesday fades<\/li>\n<li>Russia\u2019s Ruble demise continues<\/li>\n<li>Fitch downgrades Russia to B<\/li>\n<li>Russian stock exchange to remain close on March 3<\/li>\n<\/ul>\n<p>The Russian Ruble Pound (RUB\/GBP) exchange rate nosedived more than 13% to reach its lowest level in history. The pair settled +4.07% higher yesterday at 0.007313. However, at 10:55 UTC, RUB\/GBP trades -13.31% at 0.006340.<\/p>\n<p>Wednesday\u2019s relief rally has come under renewed downside pressure and the RUB to GBP pair has quickly reversed all of yesterday\u2019s gains. The pair wasn\u2019t able to shrug off the unprecedented Western sanctions that hit the Russian economy.<\/p>\n<p>Russia\u2019s central bank continues to keep closed its stock market for a fourth day blocking foreign sales of Russian assets.<\/p>\n<p>Elsewhere, rating agency Fitch downgrades Russia to B from BBB and warns that sanctions could cripple Russia\u2019s ability to repay debt. Fitch added that <em>\u201cRussia\u2019s fiscal balance will be harmed by declining economic activity and, to a lesser extent, the direct budgetary cost of the Ukraine conflict.\u201d<\/em><\/p>\n<p>Meanwhile, in the UK, the services sector has seen the momentum gained last month slowing down. The Markit Service PMI data slowed down in February to 60.5 versus 60.8 in January.<\/p>\n<p>While the GBP came under pressure against the greenback due to downbeat UK data, the Russian Ruble continues to underperform as Russia\u2019s economy crumbles under the weight of Ukraine invasion related sanctions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ruble\u2019s relief rally against the Pound on Wednesday fades Russia\u2019s Ruble demise continues Fitch downgrades Russia to B Russian stock exchange to remain close on March 3 The Russian Ruble Pound (RUB\/GBP) exchange rate nosedived more than 13% to reach its lowest level in history. The pair settled +4.07% higher yesterday at 0.007313. However, at [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":4047,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,3421],"tags":[3432],"class_list":["post-111792","post","type-post","status-publish","format-standard","has-post-thumbnail","category-gbp","category-rub","tag-rub-gbp"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>RUB\/GBP: Russia\u2019s Ruble Nosedived 13% to its Lowest Level Ever - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/106145-rub-gbp-russias-ruble-nosedived-13-to-its-lowest-level-ever\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Stelian Olar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/106145-rub-gbp-russias-ruble-nosedived-13-to-its-lowest-level-ever\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/106145-rub-gbp-russias-ruble-nosedived-13-to-its-lowest-level-ever\\\/\"},\"author\":{\"name\":\"Stelian Olar\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"headline\":\"RUB\\\/GBP: Russia\u2019s Ruble Nosedived 13% to its Lowest Level Ever\",\"datePublished\":\"2022-03-03T10:55:59+00:00\",\"dateModified\":\"2022-03-03T10:57:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/106145-rub-gbp-russias-ruble-nosedived-13-to-its-lowest-level-ever\\\/\"},\"wordCount\":244,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/106145-rub-gbp-russias-ruble-nosedived-13-to-its-lowest-level-ever\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100211-gbp-eur-hike-spirals-down.jpg\",\"keywords\":[\"rub\\\/gbp\"],\"articleSection\":[\"GBP\",\"RUB\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/106145-rub-gbp-russias-ruble-nosedived-13-to-its-lowest-level-ever\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/106145-rub-gbp-russias-ruble-nosedived-13-to-its-lowest-level-ever\\\/\",\"name\":\"RUB\\\/GBP: Russia\u2019s Ruble Nosedived 13% to its Lowest Level Ever - 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