FTSE falls by midday, weighed down by banks, miners

* FTSE falls 0.95 pct, down 16 pct this year

* Miners slip, tracking weaker metals prices

* Banks under pressure after Goldman note, outlook

By Atul Prakash

LONDON, July 4 (Reuters) - Britain's blue-chip index fell nearly 1 percent by midday on Friday with banking stocks hit by a bearish Goldman Sachs note and miners tracking softer metals prices.

By 1109 GMT, the commodity-heavy FTSE 100 .FTSE was down 52 points, or 0.95 percent, at 5,425.1 points, giving up the previous session's gains.

The index, which has fallen nearly 16 percent this year after five successive years of gains, is heading for its seventh weekly loss in a row.

"If you look at the technicals and the fundamentals, people think there is still some way for it to fall, probably another 250 points before we get any recovery," said Neil Parker, market strategist at Royal Bank of Scotland.