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UK shares and pound hold steady

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Helped by rising mining stocks, UK shares opened slightly higher, while the pound stabilised.

Shortly after trading began, the FTSE 100 was 12.22 points higher at 6,546.01, while the FTSE 250 rose 15.45 points to 15,914.26.

Rising copper prices helped mining companies, with Rio Tinto up 2%.

Meanwhile, the pound edged up 0.2% against the dollar to $1.2931 (£1.00), and was flat against the euro at €1.1665 (£1.00).

The pound has spent the week around 31-year lows against the dollar after sterling plunged following the UK’s vote to leave the EU.

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Paul

The author Paul