Russia FX/Rates Snapshot - October 22, 2019
Overnight, reports emerged that the UK Parliament will vote on bills to approve the government's Brexit plan at 21:00 Moscow time and that PM Johnson has just enough support to win the vote. Should this happen, the dollar would likely beat a retreat globally and risk sentiment would be boosted. Both local and external factors are thus quite favorable for the ruble, which could reach 63 late today or tomorrow morning on Brexit optimism and support from exporters.
Sberbank CIB Investment Research is a research firm offering equity, fixed income, economics, and strategy research. It covers analysis on all aspects of Russia’s capital markets, issues and industries. The firm analyzes trends in Russia and combines local knowledge with a global perspective. It processes macroeconomic data, market and company-specific news, stock quotes and other information for providing research reports. The firm provides details and latest prices on the most traded names and most traded paper on all segments Russian market. In strategy research, it provides thematic research, tips and descriptions of the methodology used to evaluate companies.
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