Housebuilders boost FTSE

Housebuilding shares continued their rebound today as traders eyed value in the sector after yesterday’s quarter point cut in interest rates.

Housebuilders boost FTSE

Housebuilding shares continued their rebound today as traders eyed value in the sector after yesterday’s quarter point cut in interest rates.

Taylor Wimpey led the charge with a gain of 7%, while the FTSE 100 Index was up 1% or 63 points to 6548.6, amid hopes that the start of next year will not be as grim as some analysts had been forecasting earlier this week.

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