Amazon UK business swelled by 50%+ in 2020, and taxes soared Lol, no, it means those paid by its staff theregister.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theregister.com Daily Mail and Mail on Sunday newspapers.
8/4/2021 8:48:34 AM GMT | By Haresh Menghani
EUR/GBP added to the overnight losses and witnessed some selling for the second straight day.
The improving COVID-19 situation in the UK underpinned the sterling and exerted some pressure.
A weaker USD extended some support to the euro and might help limit the downside for the cross.
The EUR/GBP cross dropped to fresh weekly lows during the first half of the European session, with bears now eyeing a sustained break below the key 0.8500 psychological mark.
The cross struggled to capitalize on its modest intraday gains, instead met with some fresh supply near the 0.8530-35 area and drifted into the negative territory for the second successive day. The British pound s relative outperformance comes amid optimism over the declining trend of new COVID-19 cases in the UK.
FTSE on rise as data shows increase in activity for fifth month running for UK service businesses
FTSE 100 begins on front foot with news that the services Purchasing Managers’ Index (PMI) for July come in above forecast, but still marks a slowdown in the recovery.
The seasonally-adjusted IHS Markit/ CIPS UK Services PMI came in at 59.6 for July, which was higher than anticipated, but a drop from 62.4 in June.
The US$40bn takeover of UK microchip designer Arm may be blocked by the government for national security reasons, according to reports. It is being acquired by US tech group Nvidia.
Chances of an earlier-than-expected hike in interest rates increase dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.