Several property stocks, which are sensitive to fears over rising interest rates, were down. Housebuilderwas down 1.8 per cent to 96 cent per share.Britain’s exporter-heavy FTSE 100 share index closed higher as the pound extended falls after the Bank of England lifted interest rates but indicated rates would go up less in future than markets expect now. The FTSE 100 closed a volatile session 0.
down between 1 per cent and 4 per cent as the 10-year US Treasury yield hit its highest level since October 25th.