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FTSE 100 on track for gains despite miners taking hit from China warning

Pound stays under pressure, helping stocks, as May scrambles to nail Brexit issue

FTSE 100 on track for gains despite miners taking hit from China warning

UK stocks edged higher Thursday, aided by a fall for the pound that has been driven by worries over the progress of Brexit negotiations, especially about whether Prime Minister Theresa May can bring warring allies into line over what should come next, MarketWatch reports.

But mining shares dragged on London’s blue-chip benchmark, after a warning that Chinese banks may not have enough capital to weather potential losses.

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