UPDATE 2-FTSE 100 edges lower as stronger pound offsets gains in miners

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markets, click LIVE/ or type LIVE/ in a news window)
* GBP/USD trades above 1.41 for first time since Feb 25
* Greggs jumps on raising profit outlook after trading
recovers
* Provident falls on potential costs related to unit exit
* FTSE 100 down 0.1%, FTSE 250 down 0.3%

(Updates to market close)
By Shivani Kumaresan and Devik Jain
May 10 (Reuters) - London's FTSE 100 dipped on Monday as
weakness in industrial stocks and a stronger pound following the
outcome of the Scottish election outweighed gains in miners.
The exporter-heavy index .FTSE dipped 0.1%, with large
dollar-earning consumer staples companies, including Diageo
DGE.L , British American Tobacco BATS.L and Relx Plc REL.L
slipping between 0.7% and 2.3% as the pound strengthened.
The pound climbed to as high as $1.4158, its strongest in
more than two months. GBP=
Miners, including Glencore GLEN.L , BHP Group BHPB.L and
Rio Tinto RIO.L , provided the biggest boost as copper prices
touched record highs on expectations of improved demand amid
tightening supply. MET/L
"Despite the fact that the stocks have performed well, they
are going to struggle if the yields start rising again. The
market will be under the whim of currency and the bond market,"
Keith Temperton, equity sales trader at Forte Securities, said.
He added British investors would focus on Tuesday's Queen's
Speech when the government lays out its priorities.
British Prime Minister Boris Johnson on Monday set out the
next phase of lockdown-easing in England, giving the green light
to "cautious hugging" and allowing pubs to serve customers pints
inside after months of strict measures. Britain has allowed international travel to resume from May
17, but just 12 countries and territories made the "green list",
meaning they don't require quaratine. Ryanair Holdings RYA.L , British Airways-owner IAG
ICAG.L , Wizz Air WIZZ.L and easyJet EZJ.L fell between
1.2% and 2.5%.
The domestically-focussed mid-cap FTSE 250 index .FTMC was
down 0.3%. Bakery and fast food chain Greggs GRG.L surged
10.5% to the top of the index after raising its profit outlook.
However, Provident Financial PFG.L slipped 2.5% after the
sub-prime lender said it expected costs of up to 100 million
pounds ($140.61 million) related to the closure of its
doorstep-lending division.