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FTSE 100 Dragged Down By Miners

U.K. shares extended losses from the previous session on Wednesday even as the pound eased a little bit after the release of mixed labor market data.

Wage growth for the three months to July missed expectations despite the jobless rate hitting a fresh record low of 4.3 percent.

The Bank of England meets on Thursday and economists expect the bank to hold interest rates steady and make no changes to its asset purchasing program.

The benchmark FTSE 100 was down 42 points or 0.57 percent at 7,358 in late opening deals after declining 0.2 percent in the previous session.

Mining stocks succumbed to selling pressure as base metal prices drifted lower amid selling by funds. Anglo American dropped 1.8 percent, Antofagasta shed 1.7 percent and Glencore declined 1.5 percent.

EasyJet shares rallied 1.5 percent after the low cost airline said it would allow customers to use its website to book long-haul flights with other carriers.

by RTT Staff Writer

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