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Sterling tumbles to fresh lows

The pound tumbled to fresh record lows against a basket of other currencies yesterday as two members of the Bank of England�s Monetary Policy Committee warned deep cuts in UK interest rates would not be enough to solve the economy�s woes.

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IAN McCONNELL, Business Editor

The pound tumbled to fresh record lows against a basket of other currencies yesterday as two members of the Bank of England's Monetary Policy Committee warned deep cuts in UK interest rates would not be enough to solve the economy's woes.