Russia FX/Rates Snapshot - September 3, 2019
This morning EM currencies have come under even more pressure. Concerns that the UK will exit the EU without a deal continue to rise, as Prime Minister Boris Johnson yesterday announced that he would treat any legislative attempt to restrict his ability to remove the country from the EU without a deal as a confidence vote, triggering a general election only two weeks before the UK is expected to exit the union on October 31. As a result, GBP tumbled below 1.2 against the dollar this morning, refreshing multi-year lows. A vote on such legislation could happen today.Given risk-off, the ruble will likely break above 67 today, while we see the euro sliding further to 1.085.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.