UK Stocks-Factors to watch on July 14

July 14 (Reuters) - Britain's FTSE 100 index is seen opening flat to 7 points higher, according to financial bookmakers. * The UK blue chip index closed down 0.2 percent on Wednesday at 6,670.40, after climbing to an 11-month high in the previous session, with housebuilders giving up some of their recent gains and energy shares dragged lower by weaker oil prices. * BOE RATE CUT: The Bank of England is set to cut interest rates for the first time in more than seven years as it tries