Mining giants hold FTSE 100

Mining giants hold FTSE 100

The FTSE 100 fell 8 points, during the morning session, to 7,741, down from its record closing high of 7,749 reached yesterday.

Global mining giants – BHP, Glencore and Rio Tinto – performed well on the London Stock Exchange, up 1.61pc, 0.95pc and 1.20pc respectively.

Brent crude rose 21 cents to $69.41 a barrel during midday trading, despite warnings that its 13pc rally since early December was close to coming to an end.

Sterling slipped a further 0.2pc to $1.3484 against the dollar, with some strategists predicting it to fall lower to early December levels of around $1.33.

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