London midday: FTSE stays up as housebuilders rally, pound slides

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London midday: FTSE stays up as housebuilders rally, pound slides

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London stocks were still up by midday on Thursday, helped by a weaker pound and strength in the housebuilding sector, but investors remained cautious overall as the conflict in the Middle East continued to escalate, with all eyes on Israel's next move.

The FTSE 100 was up 0.3% at 8,314.38, while sterling was 1.1% lower against the dollar at 1.3121 after Bank of England governor Andrew Bailey told the Guardian that the central bank could become a "bit more aggressive" in cutting interest rates as long as news on inflation continued to be good.

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#UKMarket #FTSE100 #Stockmarket #Shorts

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RYD date created : 2024-12-05T00:05:55.761543Z
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