UK Stocks-Factors to watch on October 27

Oct 27 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down on Tuesday, with futures down 0.3%.

* REVOLUT: The Bank of England has ordered a review of Revolut’s product approval processes, probing the fintech's internal controls as it begins expanding into areas such as personal loans following its newly acquired UK banking licence, the Financial Times reported on Tuesday, citing sources.

* UK's RETAIL TRADE BODY: Britain's main retail trade body warned on Tuesday that shops are now increasingly unable to absorb the impact of rising costs, after its data showed prices increased at the fastest pace in two-and-a-half years this month.

* BP: BP BP.L said representatives from its 440,000-barrel-per-day oil refinery in Whiting, Indiana, and United Steelworkers union Local 7-1 met on Monday.

* UK's BUDGET: British finance minister John Healey will announce plans to increase the minimum wage by nearly 4%, The Times newspaper reported on Monday.

* GSK: An experimental drug for a hard-to-treat bone cancer, being developed by Hansoh Pharmaceutical 3692.HK and GSK GSK.L, helped patients live longer without the disease worsening, according to data presented by researchers at a medical meeting on Monday.

* OIL: Oil prices edged lower on Tuesday, falling about 1% as prospects for a resolution of the US-Israeli war on Iran kept supply fears at bay with talks in Tehran, despite renewed Houthi attacks on Saudi Arabia.

* GOLD: Gold slipped on Tuesday, weighed down by a firmer US dollar, while investors looked ahead to the Federal Reserve's policy meeting for fresh guidance on the outlook for interest rates.

* METALS: Copper was firm on Tuesday, supported by improving macroeconomic sentiment tied to a stock market rally and demand strength in China.

* FTSE 100: Britain's FTSE 100 closed higher on Monday as Anthropic's US IPO filing lifted sentiment toward AI stocks, while investors awaited Finance Minister John Healey's first budget and the US Federal Reserve's policy decision.

* UK CORPORATE DIARY:

* For more on the factors affecting European stocks, please click on: LIVE/

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