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* FTSE 100 up 1.9%, FTSE 250 gains 2.7%

* BoE holds rates at 5.25%

* FTSE 250 at over four-month high

Dec 14 (Reuters) - The UK's FTSE 100 gave up some gains on Thursday after the Bank of England (BoE) indicated that interest rates would remain high for an extended period, a day after the U.S. Federal Reserve hinted that it could pivot to cutting rates next year.

The pound jumped 0.7% after the central bank stuck to its guns, largely shrugging off data showing a slowdown in wage growth and a 0.3% fall in gross domestic product in October.

The Monetary Policy Committee voted 6-3 to keep rates at a 15-year high of 5.25%, in line with economists' expectations in a Reuters poll last week.

"While elevated UK inflation prevents the BoE from cutting rates in the winter and spring, softening wage growth indicates that CPI will continue to decelerate," said Mathieu Savary, chief European strategist at BCA Research.

"Thus, in the latter half of 2024, the MPC will be able to respond to worsening economic conditions with rate cuts more forceful than the market anticipates."

The blue-chip FTSE 100 slipped to be up 1.9% after earlier touching its highest level since Sept. 22, while the more domestically-focussed FTSE 250 mid-cap index was unchanged at 2.7%. It climbed to its highest level since July.

Sentiment remained upbeat after the Fed stuck to a widely expected dovish script and left interest rates unchanged on Wednesday. Chair Jerome Powell said that policy tightening is likely over as inflation falls faster than expected, with a discussion of cuts in borrowing costs coming "into view."

Miners of industrial and precious metals rallied 4.5% and 6.8%, respectively, as most metal prices jumped.

Rate-sensitive real estate, real estate investment trusts, and homebuilders jumped between 5.1% and 4.2%.

The focus shifts to the European Central Bank, which is widely expected to hold its rate steady when it delivers its verdict on monetary policy at 1315 GMT.

Among individual stocks, Currys rose 9.5% after the electricals retailer stuck to its annual financial forecast and said its balance sheet and liquidity had strengthened.

(Reporting by Shashwat Chauhan and Siddarth S in Bengaluru; Editing by Mrigank Dhaniwala and Sonia Cheema)