1256 Monday 12 November 2018
The majority of UK based mining companies saw good gains on the stock price this morning as the pound lost ground in trading today.
As the GBP fell more than .75% against several currencies including the USD, JPY, HKD and CAD, UK mining companies such as Rio Tinto, BHP Billiton and Anglo American all gained over 2%, pushing the FTSE is an intraday high of over 1% before dropping off.
The mining sector in general has seen peaks and troughs throughout the year so far, but most companies have outperformed the FTSE, some by quite a margin. The aforementioned mining firms, Rio Tinto, BHP Billiton and Anglo American have certainly beaten the UK index over the year and have also presented a better investment than the FTSE as we passed through the troubling month of October.
To get further analysis and outlooks for the mining sector or FTSE, please call one of our dedicated brokers directly on 0121 454 0770.
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