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	<title>Best of Crisis Blog &#187; british pound</title>
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		<title>British pounds strengthens after rate cut to 1 percent</title>
		<link>http://bestofcrisis.com/2009/02/05/british-pounds-strengthens-after-rate-cut-to-1-percent/</link>
		<comments>http://bestofcrisis.com/2009/02/05/british-pounds-strengthens-after-rate-cut-to-1-percent/#comments</comments>
		<pubDate>Thu, 05 Feb 2009 18:51:20 +0000</pubDate>
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				<category><![CDATA[UK economy]]></category>
		<category><![CDATA[bank of england]]></category>
		<category><![CDATA[british pound]]></category>

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		<description><![CDATA[Sterling hit a two-month high against the euro on Thursday as investors welcomed the Bank of England’s decision to cut UK interest rates to a record low. The Bank, as expected by most forecasters, lowered UK interest rates by 50 basis points to 1 per cent after its policy meeting, warning that the global economy [...]]]></description>
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