FTSE 100 updown 1.2, FTSE 250 addsoff 1.1
UK inflation slows sharply in Oct
Midcap stocks near 2 months high
Fullers up as bookings rise 11

Nov 15 Reuters The UK39;s benchmark indexes rose on Wednesday, on track for a threeday winning streak as coolerthanexpected October inflation data lifted investor sentiment, while a rise in prices of most commodities pushed mining and energy stocks higher.

The commodityfocused FTSE 100 was up 1.2 at 0838 GMT, touching the highest level in nearly a month. The midcap FTSE 250 gained 1.1, hitting a twomonth high.

British inflation cooled by more than expected in October as household energy prices dropped from a year ago while stubbornly high services sector price growth also eased, offering some relief to the Bank of England BoE.

The UK is finally shaking off its unwanted status as the global inflation outlier with todays report showing that price growth has plunged by more than expected, after a frustrating threemonth stall, said Ben Laidler, analyst at trading and investment platform eToro.

The favourable inflation print reinforced expectations that BoE will be cutting interest rates by the middle of next year.

The upbeat sentiment spurred a rise in ratesensitive stocks, with homebuilders adding 2.4 and the banks gaining 1.7.

Precious metal miners advanced 2.6, while industrial metal miners added 1.8, as prices of most metals rose on a softer dollar and retreating bond yields.

Oil and gas shares climbed 0.3, tracking…