FTSE 100 and US markets mixed as traders look to Fed and Bank of England rate calls

The FTSE 100 closed virtually unchanged on Wednesday, as fresh data showed that inflation continued to creep up in November. US markets were up, with the Dow snapping several days of losses as traders wait for the latest from the Federal Reserve on interest rates.

Inflation in the UK sat at 2.6% in November, up from 2.3% the previous month, figures showed . The rises was driven by fuel, groceries and an increase in tobacco duty in the budget, according to the Office for National Statistics (ONS).