UK Beats Forecasts: Q2 GDP +0.3% q/q—BoE Cut Timetable Now Trickier
Better-than-expected growth with services and construction up—even as production slips. What that mix means for sterling and the Bank of England’s sequencing.
European Banks: Lower Provisions, Lower NIM—Is Fee Income the New Story?
As the European Central Bank (ECB) pivots into an easing phase, net interest margins (NIM) are sliding from 2023’s peaks. With credit costs still benign, banks are leaning harder on…