The FTSE 100 is on track to close at its highest level in five months after the surprise drop in inflation last month.
Britain’s blue-chip index has gained 0.9pc today to put it above 7,730, which would be its level since April if it holds until markets close.
Interest-rate sensitive housebuilding stocks have gained 4.1pc today across the FTSE 350, with Crest Nicholson the largest gainer in the sector, up 5.9pc, and Taylor Wimpey topping the FTSE 100 as it rose 5.6pc.
Several companies have enjoyed their strongest performance in some time, with BT shares gaining their most in a single day in seven months, up 3.8pc and NatWest shares rising by the most in six months, up 4.3pc.
Howden Joinery has jumped the most in two months and Smiths shares have had their best day since November.
