{"id":111844,"date":"2022-03-07T11:06:05","date_gmt":"2022-03-07T11:06:05","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=111844"},"modified":"2022-03-07T11:08:58","modified_gmt":"2022-03-07T11:08:58","slug":"106151-rub-gbp-russian-ruble-tumbles-to-historic-low-as-currency-crisis-worsen","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/106151-rub-gbp-russian-ruble-tumbles-to-historic-low-as-currency-crisis-worsen\/","title":{"rendered":"RUB\/GBP: Russian Ruble Tumbles to Historic Low as Currency Crisis Worsen"},"content":{"rendered":"<ul>\n<li>Russian Ruble crash losing over 30% against GBP<\/li>\n<li>Russia debt default concerns rise<\/li>\n<li>Investors are eyeing key UK economic data on Friday<\/li>\n<li>FTSE 100 crashed over -7.0%<\/li>\n<\/ul>\n<p>The Russian Ruble Pound (RUB\/GBP) exchange rate crashed to a new historic low, gripped by concerns over possible Russian debt default. The pair settled -30.83% lower last week settling at 0.006144.<\/p>\n<p>At 11:03 UTC, RUB\/GBP trades -24.56% at 0.00543.<\/p>\n<p>Western sanctions on Russia have notably increased the chance of the country not being able to service its foreign-held debt. Credit rating agency Moody has lowered its rating on Russia&#8217;s long-term debt to Ca, while Fitch put the ratings down to B from BBB.<\/p>\n<p>Russia\u2019s borrowing costs have risen dramatically as the domestic currency crashed to an all-time low. Russia&#8217;s ability to transact in foreign currencies has been impeded by the exclusion of Russia\u2019s banks from the SWIFT system, which adds to the debt default worries.<\/p>\n<p>Meanwhile, in the UK, the stock market tracked world indices lower and tumbled -7.56% settling at 6985<\/p>\n<p>Besides the Russia-Ukraine crisis, investors will also track key economic data coming out of the UK. The trade balance figures, monthly gross domestic product data for January and manufacturing production data are all scheduled for Friday, March 11.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Russian Ruble crash losing over 30% against GBP Russia debt default concerns rise Investors are eyeing key UK economic data on Friday FTSE 100 crashed over -7.0% The Russian Ruble Pound (RUB\/GBP) exchange rate crashed to a new historic low, gripped by concerns over possible Russian debt default. The pair settled -30.83% lower last week [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":4962,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,3421],"tags":[3432,2257,3435],"class_list":{"0":"post-111844","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gbp","8":"category-rub","9":"tag-rub-gbp","10":"tag-russia","11":"tag-swift"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>RUB\/GBP: Russian Ruble Tumbles to Historic Low as Currency Crisis Worsen - 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\/106151-rub-gbp-russian-ruble-tumbles-to-historic-low-as-currency-crisis-worsen\/\" \/>\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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/106151-rub-gbp-russian-ruble-tumbles-to-historic-low-as-currency-crisis-worsen\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/106151-rub-gbp-russian-ruble-tumbles-to-historic-low-as-currency-crisis-worsen\\\/\"},\"author\":{\"name\":\"Stelian Olar\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"headline\":\"RUB\\\/GBP: Russian Ruble Tumbles to Historic Low as Currency Crisis Worsen\",\"datePublished\":\"2022-03-07T11:06:05+00:00\",\"dateModified\":\"2022-03-07T11:08:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/106151-rub-gbp-russian-ruble-tumbles-to-historic-low-as-currency-crisis-worsen\\\/\"},\"wordCount\":216,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/106151-rub-gbp-russian-ruble-tumbles-to-historic-low-as-currency-crisis-worsen\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100688-gbp-usd-uk-jobs-data.jpg\",\"keywords\":[\"rub\\\/gbp\",\"Russia\",\"SWIFT\"],\"articleSection\":[\"GBP\",\"RUB\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/106151-rub-gbp-russian-ruble-tumbles-to-historic-low-as-currency-crisis-worsen\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/106151-rub-gbp-russian-ruble-tumbles-to-historic-low-as-currency-crisis-worsen\\\/\",\"name\":\"RUB\\\/GBP: Russian Ruble Tumbles to Historic Low as Currency Crisis Worsen - 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