AGP Executive Report
Last update: 4 hours agoUK Macro: The ONS says GDP rose 0.4% in Q2 (after 0.6% in Q1), with June up 0.3% as services carried growth, despite political unrest and fallout from the Iran war pushing up energy costs. Digital Pound Lab: The Bank of England’s Digital Pound Lab moves into Phase 2 with Polygon joining a consortium (with NOBO Finance and Dun & Bradstreet) to test near-instant cross-border settlement using a simulated tokenised digital pound plus stablecoin settlement. Fintech & Payments: Polygon’s Phase 2 work follows earlier BoE stablecoin/digital pound interoperability testing, keeping the UK at the centre of “programmable money” trials. Energy Storage Finance: Copenhagen Infrastructure Partners’ Coalburn 1 (500MW/1,000MWh) battery storage system has entered commercial operation in Scotland, with plans for additional Scotland projects. Banking Policy (EU): Eurogroup president Kyriakos Pierrakakis warns banking fragmentation is now a “strategic vulnerability” that could weaken Europe’s ability to fund its future. Personal Finance: Moneyfacts flags a shift toward fixed-rate ISAs ahead of planned ISA rule changes from 2027/28.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
Perspectify News
