Britain's FTSE 100 rose 0.58% to 10,614.30 points on October 12 as banking stocks provided support. The index climbed ahead of key US inflation data and UK GDP figures due this week. These reports should show the economic outlook clearly. Meanwhile, the midcap FTSE 250 also got a boost, rising 0.21%.

Oct 12 - Britain's ​FTSE 100 inched up on Thursday, with financial stocks providing ‌support ahead of key US inflation data and UK GDP figures this week that could offer fresh insight into the economic outlook.

The blue-chip FTSE 100 ​index (.FTSE), opens new tab rose 0.58% to 10,614.30 points by 1044 GMT, while ​the midcap FTSE 250 (.FTMC), opens new tab climbed 0.21%.

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Reporting by Darshan Kumar in Bengaluru; Editing by Joyjeet Das