GBP/USD capped just ahead of 1.34 the figure as Kyiv comes underfire By ross_burland GBPUSD Ukraine RussianFederation Currencies
and the Ukraine crisis. At 1.3392, the price is below the 1.3394 highs that were made following a recovery from 1.3366 lows.
Ukraine reported columns of troops crossing over from Russia and Belarus, taking up positions on the coast from the Black and Azov seas. The Russian assault is being fought on several fronts after it attacked from the east, north and south on Thursday. Ukraine's President Volodymyr Zelensky has since vowed to continue fighting while nations such as the US are sending troops to the Eastern flank of Europe in fears of overspill into the NATO allies.
The EU, UK and the US have imposed new sanctions in order to cripple the Russian economy. They are the most significant deployment of economic penalties against a country with Russia's economic size and integration in global markets.
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