FTSE 100 rises as miners shift lower
On Friday, British shares struggled for direction, ahead of an update on the British economic health, though kept on course for a weekly revenue.
The FTSE 100 gained 2 points, reaching 6,831.26, having darted in and out of positive territory since the start. On Thursday, the London benchmark ascended 0.2% after a choppy trading session. Trading volume happened to be lighter than usual that day, with American equity markets unavailable for Thanksgiving. It’s going to be a shortened American trading session on Friday.
The second estimate of British GDP for the third quarter is scheduled for publication at 9:30 a.m. London time.
The initial reading issued in late October disclosed that economic activity held up stronger than previously expected in the period following Brexit, by surging by 0.5%.
The currency pair GBP/USD acquired 0.0321%, trading at $1.2435, tumbling from $1.2485 late Thursday.
Mining stocks ascended earlier in the trading session as the greenback moved pulled back from peaks not seen in almost 14 years.