# Inflation surprise sets UK homebuilders for biggest rally since 2008
Published: 2023-07-19
Category: Headlines
Category URL: https://blockchaintribune.com/category/headlines/
Meta Title: UK Homebuilders Soar on Inflation Surprise
Meta Description: Shares of UK homebuilders soar as inflation slows in June, setting the biggest rally since 2008. Real estate stocks also surge. Stay updated with the latest mar
URL: https://blockchaintribune.com/inflation-surprise-sets-uk-homebuilders-for-biggest-rally-since-2008/

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## 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)


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