register now for free unlimited access to reuterscom register the london stock exchange group offices are seen in the city of london britain december 29 2017 reuterstoby melvillefile photo sept 14 reuters  uk shares fell on wednesday after data showing a surprise fall in british consumer prices in august did little to ease bets of the bank of england hiking interest rates by 75 basis points at its meeting next week a selloff in wall street overnight after a rise in us inflation figures prompted bets for aggressive policy tightening in the worlds largest economy also weighed on the london market the commodityheavy ftse 100 ftse slid 07 while the domestically focussed midcap index ftmc declined 03 at 0713 gmt oil ftnmx601010 and mining stocks ftnmx551020 shed 17 and 10 respectively on fears of aggressive hikes by the federal reserve that could slow down the global economy and dampen commodity demand lower fuel prices caused an unexpected fall in british consumer price inflation last month official figures showed offering some relief to households after the cpi rate hit a 40year high read more however traders continued to see an 84 chance of a 75 basis point hike in interest rate to 25 by the bank of england on sept 22 which would be its biggest rate rise since 1989 excluding a brief attempt to bolster sterling during a 1992 exchange rate crisis redrow plc rdwl gained 08 as the housebuilder reported a 31 rise in annual profit read more reporting by johann m cherian and bansari mayur kamdar in bengaluru editing by rashmi aich