UK's FTSE 100 gains as energy and miners rise

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Britain's blue-chip FTSE 100 gained on Wednesday as rising oil and gold prices lifted energy and mining shares, while investors assessed fresh economic forecasts and the outlook…

Nov 11 (Reuters) - Britain's blue-chip FTSE 100 gained on Wednesday as rising oil and gold prices lifted energy and mining shares, while investors assessed fresh economic forecasts and the outlook for Bank of England interest rates.

The blue-chip FTSE 100 index rose 0.3% to 10,786.78 points by 1141 GMT, while the midcap FTSE 250 climbed 0.3%.

• The energy sector rose 1.9%, snapping a seven-session losing streak as crude prices rebounded from two-month lows hit in the previous session [O/R]

• Oil major BP was among the top gainers, up 2.7%, while Shell added 1.6%

• Industrial metal miners climbed nearly 2%, lifted by an increase in copper prices [MET/L]

• Anglo American, Antofagasta, Glencore gained between 2.3% and 2.6%, leading advances in the sector

• The precious metals mining sector added to gains, up 1.8%, tracking a 0.4% rebound in gold prices [GOL/]

• 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 priced in a 69% chance of a 25-basis-point BoE rate hike in December​‌, according to data compiled by LSEG​‌

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