FTSE 100 gains as oil, copper lift energy and miners

By Darshan Kumar R

Nov 11 (Reuters) - Britain's FTSE 100 rose on Wednesday as higher oil and copper prices lifted energy and mining shares, while investors looked for clues on the Bank of England's interest-rate path.

The blue-chip FTSE 100 index rose 0.78% to 10835.47 points, while the midcap FTSE 250 climbed 0.72%.

• The energy sector rose 1.7%, snapping a seven-session losing streak as crude prices rebounded from two-month lows hit in the previous session [O/R]

• Oil major BP gained 2.7%, while Shell was up 1.3%

• Industrial metal miners climbed nearly 1.8%, tracking higher copper prices [MET/L]

• Anglo American, Antofagasta and Glencore all gained between 2.2% and 2.3%

• Financials were the biggest boost to the FTSE 100 on Wednesday, with online trading platform IG Group and stock exchange operator London Stock Exchange Group both rising more than 2%

• Homebuilders capped overall gains, with the sector losing 2.1%

• Taylor Wimpey was down 4.5%, among the FTSE 250's biggest fallers after the homebuilder lowered its full-year UK completions forecast, citing a subdued autumn selling season

• A forecast from the National Institute of Economic and Social Research pointed to stronger UK economic growth in 2026, while warning inflation may not return to the Bank of England's 2% target until late 2030

• Traders are pricing in a near 72% chance of a 25-basis-point rate hike by the BoE at its December meeting, according to data compiled by LSEG

• "The problem for both the BoE and the ECB is that any further rate hikes could run the risk of slowing down what are, in both cases, rather weak underlying economies," said David Morrison, senior market analyst at Trade Nation

(Reporting by Darshan Kumar in Bengaluru; Editing by Vijay Kishore, Kirsten Donovan)