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FTSE 100 slips for the third day as financials weigh

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Aviva falls on brokerage downgrade

British home prices to dip again in 2024

BoE's Bailey vows to do 'what it takes' to cut inflation

FTSE 100 down 0.4%, FTSE 250 adds 0.4%

Updated at 16:53 GMT

By Shashwat Chauhan and Khushi Singh

Nov 29 (Reuters) -Britain's FTSE 100 slipped for the third straight day on Wednesday following hawkish comments from Bank of England Governor Andrew Bailey, while insurance heavyweights Aviva and Prudential fell after bearish brokerage comments.

The blue-chip FTSE 100 .FTSE index dipped 0.4% and the domestically-focussed mid-cap index .FTMC added 0.4%.

Bailey said that the central bank "will do what it takes" to get inflation down to its 2% target, adding that he had not yet seen enough progress towards that goal to be confident.

The life insurance sector .FTNMX303010 fell 1.7%, to the bottom of FTSE 100 with Prudential PRU.L slipping 3.5% after Deutsche Bank reduced its price target on the stock.

Insurer Aviva AV.L also dropped 2.1% after the bank downgraded the stock to "hold" from "buy".

Banks .FTNMX301010 slipped 1.0% following a 3.3% slip in Standard Chartered STAN.L.

Top gainer precious metal miners .FTNMX551030 added 2.6% as gold prices continued surging as expectations that the U.S. Federal Reserve may cut interest rates by the first half of next year boosted the outlook. GOL/

"It's now possible that gold is on course to take out its record closing high of $2,070 from August 2020," said David Morrison, Senior Market Analyst at Trade Nation.

Retailer .FTNMX404010 shares climbed 1.3% on a 5.7% jump in sportswear firm JD Sports JD.L after U.S.-listed footwear retailer Foot Locker FL.N forecast annual profit above market estimates.

Spirent Communications SPT.L rose 5.9%, to the top of the mid-cap index after the IT and network service provider signed agreement with financial services organisation to automate its lab & testing capabilities.

Pets at Home Group PETSP.L jumped 5.1% after the retailer forecast like-for-like retail sales growth ahead of Christmas.

Rate-sensitive stocks like real estate .FTUB3510, real estate investment trusts .FTNMX351020, and homebuilders .FTNMX402020 rose more than 1.2% each.

Meanwhile, a Reuters poll showed British home prices will fall again in 2024 after dropping 4% this year as the Bank of England keeps interest rates higher for longer.

Reporting by Shashwat Chauhan and Khushi Singh in Bengaluru; Editing by Dhanya Ann Thoppil and Eileen Soreng

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