Scoreboard: Tough love in London

UK stocks tumbled as the BoE flagged higher interest rates, while consumer confidence gave Wall Street a boost.

One of the more interesting features last night came from the United Kingdom. The talk is the Bank of England may be toying with a rate hike in the first quarter of 2014. How so? Because it is now forecasting a 50 per cent probability that the unemployment rate will be below the trigger point of 7 per cent at that time.


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