Venezuela’s capital is staring into the abyss. The British embassy’s coordination of rescue logistics for UK nationals is a diplomatic admission that Caracas faces its hardest moment in modern history. For a financial editor who has watched emerging markets crumble for two decades, this is the smell of capital flight.
When embassies start mapping exit routes, markets follow. The bolívar will haemorrhage value. Gilt yields will remain unmoved, but watch for a spike in gold and dollar demand.
This is not humanitarian theatre. It is a signal that the bottom is falling out.
