Page 8 - Stuart Cole News Today

The extraordinary rate meeting came after the ruble plummeted past the 100 threshold against the dollar on Monday

Russias central bank hiked interest rates to 12% in a sudden move to counter the roubles sharp decline.

The currency has lost around a fifth of its value against the US dollar since the invasion of Ukraine began last year. Western experts say the cost of military spending and sanctions are the main reasons.

Russias central bank governor Elvira Nabiullina (pictured) called an emergency meeting that ended with a rate rise from 8.5% to 12%.

Russias central bank governor Elvira Nabiullina (pictured) called an emergency meeting that ended with a rate rise from 8.5% to 12%.

The pound ticked a fraction higher against the dollar on Monday as traders stayed focused on key data due this week for hints on the Bank of Englands future interest rate hike trajectory. ... -Today at 07:20 am- MarketScreener

European shares inched higher in early trading on Monday, led by advances in defensive sectors including healthcare and telecoms, while falls in miners on concerns over Chinas embattled property... -Today at 04:49 am- MarketScreener

Londons exporter-heavy FTSE 100 index opened lower on Friday, pressured by a stronger pound after data showed the UKs economy surprisingly grew higher-than-expected in the second quarter. ... -August 11, 2023 at 03:17 am- MarketScreener

The dollar rose to a one-month high above 144 yen on Thursday as monetary policy divergence was front of investors' minds.

Pound to Euro Rate Dips Below 1.16