Miners worst performers in FTSE 100

Miners worst performers in FTSE 100

The FTSE 100 slipped 1.16 to 7,194.80 as the Bank of England indicates the rate of growth in interest rates could accelerate if the economy continues its current course.

Mining giants BHP, Glencore and Rio Tinto were amongst the worst performers in the FTSE 100, down 3.70pc, 2.41pc and 2.59pc respectively during midday trading.

Brent crude slid to a six-week low, down 1.14pc to $64.76 as US output soared and North Sea crude flows resume.

The pound jumped to $1.40 against the dollar following the Bank of England’s decision that rates would increase earlier than expected.

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