London Markets: FTSE 100 grasps to small gain as commodity shares rise

U.K. stocks edged higher Tuesday, as commodity shares worked on recovering ground lost in the prior session, while the pound moved modestly higher following U.K. jobs data that arrived before the Bank of England decides what’s next for monetary policy.

How markets are moving

The FTSE 100 index UKX, -0.08% was up 0.1% at 7,608.51, with the basic materials and oil and gas groups among gainers. But the telecom and consumer goods groups were among declining sectors. On Monday, the index fell 0.8%.

The pound GBPUSD, +0.0529% rose to $1.3265 from $1.3236 late Monday in New York.

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