Currency movements help lift the FTSE 100 0.3% to 7231.12, continuing the early 2017 bull run in the index.
Sterling hits its lowest level against the dollar since October giving a boost to dollar earning commodities stocks. Glencore (GLEN) is up nearly 2% at 294.1p.
The biggest FTSE 100 faller is outsourcer Babcock International (BAB), down 3.3% to 909p as Deutsche Bank downgrades its rating to 'hold'.
The Government stake in Lloyds Banking (LLOY) is below 6% after it sold 700 million shares late on Friday. Shares in the bank are down 0.7% at 65.5p.
Iron ore producer Ferrexpo (FXPO) gains 8.2% to 140.1p as it reports record sales volumes in 2016 and a transformation of its balance sheet with $196m worth of debt retired.
Bookmaker William Hill (WMH) is 2.9% lower at 289.1p as it warns 2016 operating profit will be at the bottom end of expectations due to unfavourable football and horseracing results in December.
After serving up a profit warning between Christmas and New Year housebuilder Bovis Homes (BVS) announces chief executive David Ritchie is to step down with immediate effect. The shares are up 3.1% to 836p as finance director Earl Sibley is announced as his interim replacement.
Oil services business Petrofac (PFC) gains 2.5% to 921p as it signs a $600m contract on a liquefied petroleum gas (LPG) extraction project in southern Oman.
Glasgow-headquartered shopping centre marketing specialist SpaceandPeople (SAL:AIM) falls 36.4% to 14p. Trading in its key Christmas period falls short of expectations leading it to guide for a full year loss of around £650,000.
