The GBP/RUB symbol stands for the trading of the Pound Sterling against the Russian ruble in the forex market, an interesting currency pair that experiences considerable volatility and can offer several opportunities to generate profits when traded with care. The GBP is one of the four major currencies in the forex market and enjoys high trading volume and liquidity. The official currency of the UK and some other parts of the world, it is the oldest currency globally that is still in use as legal tender.On the other hand, the RUB is the official currency in use across Russia and holds the distinction of being the second oldest national currency still in use, next only to the GBP. The value of the Russian ruble experiences considerable fluctuations on the basis of changes in prices of oil, natural gas and some other commodities, including agricultural ones, that are key exports out of Russia. For instance, whenever crude oil prices rise, the value of the RUB strengthens, causing the GBP/RUB currency pair to trade bearish, and vice versa. The RUB is also highly susceptible to geopolitical developments, having experienced periods of weakness during the imposition of sanctions by Western powers over the handling of its crisis with Ukraine a few years ago.