UK FTSE250 Ends 8-Day Losing Streak as Housing Stocks Rally Ahead of Budget

The FTSE250 index recorded an eight-day losing streak from November 12 to November 21, 2025, declining by approximately 3.49% (from 22,135.32 to 21,363.37) [0]. On November 24, the index reversed course with a 0.25% gain to close at 21,416.34 [0]. Housing stocks led the recovery: Persimmon Plc (PSN.L) rose 2.11%, Taylor Wimpey Plc (TW.L) and Barratt Redrow Plc (BDEV.L) each gained 0.30% [2][3][4]. This performance aligns with Goldman Sachs’ constructive outlook for the housing sector, linked to anticipation of the upcoming UK budget [1].

1. The recovery is modest relative to the recent 3.49% decline, indicating limited buying conviction.
2. Low trading volume for TW.L (3.69M vs 23.69M average) and BDEV.L (3.14M vs 4.80M average) suggests fragile sentiment [2][3].
3. Persimmon’s outperformance may stem from stronger valuation metrics (P/E ratio of 16.27 vs TW.L’s 50.50 and BDEV.L’s 38.46) [4].
4. Goldman Sachs’ outlook is supported by its earlier revision of Bank of England rate cut forecasts to November 2025, which would reduce mortgage costs [5].

• Budget Disappointment
  : If the budget fails to include housing-friendly measures, recent gains could reverse [1].
• Low Volume
  : The rally lacks broad participation, increasing the risk of a pullback [2][3].
• Global Volatility
  : The FTSE250 remains exposed to global market trends that could overshadow domestic news [0].

• Budget Catalyst
  : Housing-friendly policies (e.g., stamp duty cuts) could validate the constructive outlook and sustain gains [1].
• Rate Cut Impact
  : A November 2025 BoE rate cut would further support housing demand [5].

• FTSE250
  : 0.25% gain on November 24 following an eight-day 3.49% decline [0].
• Housing Stocks
  : Persimmon (+2.11%), Taylor Wimpey (+0.30%), Barratt Redrow (+0.30%) [2][3][4].
• Data Gaps
  : Missing details on Goldman Sachs’ full report, specific budget measures, and complete November 24 volume data [0][1].