FTSE 100 falls 0.3, FTSE 250 off 0.4
UK inflation eases from 41year high
TUI slumps on potential capital raise

Dec 14 Reuters UK39;s main stock indexes slipped on Wednesday as investors took little relief from a softerthanexpected reading on British inflation as they girded for another interest rate hike from the U.S. Federal Reserve.

The exportoriented FTSE 100 index fell 0.3, while the domestically focused FTSE 250 midcap index shed 0.4 by 1019 GMT.

Miners dropped 0.9, as gains in copper prices were kept in check by a possible surge in COVID19 infections in Beijing.

Britain39;s headline inflation fell more sharply than expected in November to 10.7, but inflation in the services sector held at October39;s 30year high of 6.3.

Prices are still seeing doubledigit increases and, in some areas, inflationary pressures are proving worryingly sticky, AJ Bell investment director Russ Mould said.

The inflation data follows a report on Tuesday showing UK wage growth rose by a strongerthanexpected 6.1 in the August to October period.

Since wage growth came in higher than where the Bank of England would like it to be, that39;s why the bank is still likely to hike rates by 50 basis points on Thursday, said Dean Turner, chief euro zone and UK economist at UBS Global Wealth Management.

Markets will now turn their attention to the U.S. Federal Reserve39;s monetary policy decision due at 1900 GMT, where the central bank is expected to hike rates by 50 basis points.

Among…