After evidence of falling inflation served to boost expectations of a peak in UK interest rates, British stocks closed significantly higher on Wednesday, with homebuilders posting their highest percentage rise since 2008.
With a 3.8% increase, the domestically focused FTSE 250 index (.FTMC) triumphed with its highest performance in more than eight months.
The globally focused FTSE 100 (.FTSE) increased 1.8% to reach a month-high.
Battering ram homebuilders (.FTNMX402020) soared 7.0% as investors hailed data showing British inflation decreased to a slower-than-expected 7.9% in June. An increase of 8.2% was predicted by economists.