AGP Executive Report
Last update: 11 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.
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