# Inflation surprise sets UK homebuilders for biggest rally since 2008
Author:  Pal Sinha,Barnali
Author URL: https://fintechherald.com/author/pal-sinha-barnali
Published: 2023-07-19
Category: Headlines
Category URL: https://fintechherald.com/category/headlines
Meta Title: UK homebuilders rally on surprising inflation slowdown
Meta Description: Investors cheer as UK homebuilder stocks surge on news of unexpected inflation drop in June, sparking biggest one-day gains since 2008.
URL: https://fintechherald.com/inflation-surprise-sets-uk-homebuilders-for-biggest-rally-since-2008

![undefined](https://prod.superblogcdn.com/site_cuid_cm5qsh86i001bwirgpt97g904/images/2023-07-19t072342z1lynxmpej6i082rtroptp4britain-economy-houseprices-1736847900347-compressed.jpg)

## Inflation surprise sets UK homebuilders for biggest rally since 2008   MILAN (Reuters) – Shares in UK property-related stocks rallied on Wednesday as investors cheered data that showed UK inflation slowed faster than expected in June, which sent an index of homebuilder shares up by the most since late 2008.    By 0718 GMT, the FTSE 350 homebuilders index soared almost 7% and was set for its biggest one-day gain since November 2008. A gauge of UK real estate stocks gained over 6%, on course for its best day since February.        (Reporting by Danilo Masoni; Editing by Amanda Cooper)


---
This blog is powered by Superblog. Visit https://superblog.ai to know more.
---