Bloomberg A turbulent year for the pound is coming to an end with little evidence that 2023 will be much different. Signs of a painful UK economic downturn keep piling up, making analysts doubtful that the currency can extend — or even sustain — a recent rebound against the dollar. The options market also shows skepticism, with traders still ...

Bloomberg European Central Bank (ECB) Executive Board member Isabel Schnabel says interest rates will have to move into “restrictive territory” to bring inflation back to target. The danger of a policy overreaction by the ECB “continues to be limited, as real interest rates are still very low,” Schnabel said. Reflecting on the ECB’s string of four interest rate hikes, Schnabel ...

  Bloomberg Mobile money agents in Ivory Coast halted service for Wave Mobile Money Inc few weeks ago, in an attempt to stymie the growth of the young fintech gobbling up market share across West Africa. The agents — brokers who enable unbanked people to store and send money through cellphones — were unhappy with their commissions and expected the ...