FX.co ★ UK Stocks Fall

The FTSE 100 fell around 0.6% on Tuesday, erasing Monday’s modest gains, as weakness in mining stocks and technology-focused investment funds weighed on the index while investors continued to monitor the UK’s political backdrop. Among base metals producers, copper miners Antofagasta and Anglo American declined 5.2% and 4.2%, respectively. In the precious metals space, gold miners Fresnillo and Endeavour Mining lost 5% and 2.4%. Scottish Mortgage Investment Trust dropped 4.5%, tracking a broader selloff in US technology shares and reflecting its exposure to SpaceX. Rio Tinto, Polar Capital Technology Trust, and Glencore also fell by roughly 3%. In contrast, Babcock International Group and Marks & Spencer were among the session’s strongest performers, gaining 2.9% and 2.5%. Bunzl rose 1.3% after upgrading its full-year guidance, supported by better-than-expected first-half trading and a small acquisition in Australia.