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Housebuilders remain hostages to interest rate fortunes, despite initial share price boost from Labour
“With Labour’s victory now assured, housebuilder shares have reacted positively, up 2-3% this morning, carrying on a trend that started at the beginning of the week. The recent moves deserve to be considered in the wider context: The UK Consumer Durables subsector (which is 77% housebuilders) has under-performed the wider…
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