THE RUSSIAN RUBLE v THE £ EXCHANGE RATE RECOVERY

[Colemans Left Hook]

Whats the difference between the Russian currency and the devastation they are causing in Ukraine

one is the ruble anD the other is being converted into rubble

No it's  not funny but the question is just who ???? is profiteering from the recovery of the ruble against the £ and US$

https://www.xe.com/currencycharts/?from=GBP&to=RUB&view=1Y

as this chart shows somebody certainly is 

in March it went to  179  now it is  only  88 to the pound - in fact it is stronger against the pound than at any time in the last year

has this fact got a mention in the press ??

i seem to recall Russian interest rates were 8 or 9% around a year ago

[Colemans Left Hook]

Just checked my records !!! and for those that are interested the Russian interest rates increased to

7.5% on October 21st 2021

with hindsight we can see see that these quick interest rate hikes were part of Puttins Plan ??

[normal rules]

Sanctions have left a gaping hole allowing eu countries, and others like China to continue to pump money into Russia for gas.
Putins high risk strategy of forcing payment to be in rubles will only push the value higher as demand for the currency increases. And it seems to be working.
Savvy investors would have bought into the rubble when it tanked also.

[SydneyRover]

''China’s economy faces its worst downward pressure since the spring of 2020 when it was hit by the first wave of Covid-19, according to Nomura Holdings Inc.

The slowdown in China’s growth worsened in the first quarter and markets should be concerned about a further slide in the second, Nomura Holdings Inc''

https://www.bloomberg.com/news/articles/2022-03-26/china-economy-faces-worst-slowdown-since-pandemic-nomura-says#:~:text=China's%20economy%20faces%20its%20worst,the%20second%2C%20Nomura%20Holdings%20Inc.

[Glyn_Wigley]

It's like Black Wednesday has been forgotten.