By Bansari Mayur Kamdar (Reuters) – UK shares rose on Thursday after the U.S. Federal Reserve’s widely expected rate hike triggered a relief rally in global markets, with investor focus now on the Bank of England’s meeting amid concerns over Britain’s cost-of-living crisis. The Bank of England looks poised to raise interest rates later in the day for the fourth time since December, the fastest increase in borrowing costs in a quarter of a century, as the central bank tries to quell inflationary pressures. The blue-chip FTSE 100 index and the domestically focussed mid-cap index gained 1.3% each…