Homebuilders Lift British Stocks as Yields Retreat
British stocks rose as housing shares rallied following strong results from Barratt Redrow and a sharp drop in gilt yields. Investors now await upcoming interest rate decisions from both the Federal Reserve and the Bank of England.
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British stocks rose during Wednesday afternoon trade as housing shares rallied 12% following strong results from BARRATT REDROW PLC. The blue-chip FTSE 100 index rose 0.3% to 10,688.47 points.
