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Politics

A number of UK retailers, such as Asda, M&S (MKS LN) and Tesco (TSCO LN) have warned PM Burnham against a business rates raid, suggesting that it would undermine their ability to keep prices low and threaten jobs, Sky News reports

StockNow breaking-news AI analysis

UK retailers warned that business rates and tax increases threaten corporate investment, job security, and price stability, calling for structural reform to relieve disproportionate tax burdens on large stores.

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Geopolitics

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FX/Bonds

[MARKET UPDATE] DXY moves to fresh session highs (99.54), weighing on peers such as EUR & GBP; USD/JPY heads back towards the 160.00 level; move appears to be contained within the FX space