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 dipped 0.1%, with large
dollar-earning consumer staples companies, including Diageo
, British American Tobacco and Relx Plc
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.

Miners, including Glencore, BHP Group and
Rio Tinto, provided the biggest boost as copper prices
touched record highs on expectations of improved demand amid
tightening supply.

"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, British Airways-owner IAG
, Wizz Air and easyJet fell between
1.2% and 2.5%.

The domestically-focussed mid-cap FTSE 250 index was
down 0.3%. Bakery and fast food chain Greggs surged
10.5% to the top of the index after raising its profit outlook.

However, Provident Financial 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.
(Reporting by Shivani Kumaresan and Devik Jain in Bengaluru;
Editing by Subhranshu Sahu and Barbara Lewis)