* FTSE 100 down 0.2%, FTSE 250 down 0.6%
* Brexit jitters drag sterling lower
* Miners slip as copper prices ease
* Ocado climbs after affirming forecast
* BASF profit alert hits industrials (Adds news items, analyst comments, updates to closing prices)
By Shashwat Awasthi and Muvija M
July 9 (Reuters) - Britain's mid-cap index fell for the third straight session on Tuesday amid a deteriorating economic outlook and Brexit tensions, while online grocer Ocado jumped on the FTSE 100 after confirmed its annual forecast.
Sterling fell towards its lowest levels in more than two years, pressured by a cocktail of gloomy retail sales data and lingering fears of a 'no-deal' Brexit. GBP/ Harrison, portfolio manager and head of research for the diversified strategies team at BlackRock (NYSE: BLK ), said the outlook had deteriorated over the past three months, while the chance of an "extreme outcome" had risen compared with the probability of a managed exit.
"We're relatively negative on the macro-economy. The cumulative impact of the (Brexit) uncertainty... has definitely had a negative impact on momentum," Harrison said.
Dublin's main index .ISEQ , generally sensitive to Brexit jitters and often considered a gauge of risk sentiment, slipped 0.8%.
Shares of airlines and tourism companies took a hit from the increasing uncertainty. TUI TUIT.L and easyJet EZJ.L fell about 3%, British Airways owner IAG ICAG.L lost 1.6%, while Thomas Cook TCG.L gave up 5.1%.
The FTSE 100 took a back seat to the domestic index, but was led lower by losses in miners .FTNMX1770 , as copper prices continued their recent slide on worries over waning demand from top consumer China. Ocado OCDO.L surged 5.6% on its best day since late February after it affirmed its annual forecast, even though its first-half core earnings nearly halved, partly due to the impact of a fire at its flagship robotic warehouse. sub-index of chemical companies .FTNMX1350 slipped to a more than six-month low and underperformed the broader index, after BASF BASFn.DE warned on profit, citing impact from the U.S.-China trade dispute.
Software firm Micro Focus MCRO.L declined 5.3% after a higher-than-expected drop in first-half licence revenue. Magnesita RHIM.L , which sells products made with heat-resistant materials, skidded 5.9% on the FTSE 250 after announcing a placing of about 2.2 million shares.
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