UK homebuilders rise as cooling UK jobs market keeps BoE rate cut on track
** Shares of UK housebuilders .FTNMX402020 rise 2.2%, after official data showed that British pay grew at its slowest pace in more than two years in the three months to August and vacancies fell again, keeping Bank of England's (BoE) rate cut on track
** Britain's central bank cut borrowing costs in August but kept them on hold at its September meeting, saying it wanted to see further signs that inflation pressures were abating
** BoE rate cuts filter down to lower mortgage rates, boosting demand for homes
** FTSE 100 homebuilders Persimmon PSN.L, Barratt BTRW.L and Taylor Wimpey TW.L gain between 1.8% and 2.3%
** Midcap player Bellway BWY.L up 6.6%, also helped by its upbeat outlook and after posting better-than-expected annual profit
Reporting by Aby Jose Koilparambil in Bengaluru
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