- The Bank of England says unemployment may hit 7% in Q3 2014, suggesting the central bank may raise rates much sooner than expected.
- Updated growth expectations: 2013, 1.6% versus 1.4% previous; 2014, 2.8% versus 2.5% previous.
- The pound jumps 0.42% against the dollar on the news.
- ETFs - Stocks: FKU, EWU, EWUS, DXPS. Currency: GBB, FXB
Bank of England upgrades economic forecast, sees 7% unemployment by Q3 2014
Nov 13 2013, 05:54 ET