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The regulator says the economy has stabilized, but still needs to adapt to the new conditions The Russian economy has managed to evade an inflationary spiral due to the policies of the Central Bank, the head of the regulator, Elvira Nabiullina, said on Thursday at a meeting with the Association of Russian Banks.

Shyam Devani of Citi says investors should wait for more clarity on Brexit before trading the British pound. For now, he is “absolutely neutral” on sterling, he says.