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UK stocks edge higher but strong pound puts cap on gains

The pound is on the move after the release of UK inflation data for August

UK stocks edge higher but strong pound puts cap on gains

UK blue-chip stocks clung to thin gains Tuesday, held in check by a climb in the pound ahead of the release of British inflation data, MarketWatch reports.

The FTSE 100 index was up 0.1% at 7,420.57, led by the basic materials and industrial groups. On Monday, the London benchmark closed up 0.5% after Hurricane Irma wreaked less damage on Florida than anticipated and as fears over North Korea’s nuclear ambitions eased.

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