Pound defends sanctions but says system could change
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World Anti-Doping Agency (WADA) chief Dick Pound has rejected criticism that sanctions against athletes who contravene doping regulations are too harsh.
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The pound held firm against the dollar and euro after a string of recent economic data continued to suggest that the Bank of England (BoE) will be forced to raise interest rates in the coming months to keep a stranglehold on inflation.
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The pound was sharply lower against the dollar and the euro, apparently driven by fears banks may have to announce further writedowns in the coming months.
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The Bank of England&#39;s governor on Wednesday defended the bank&#39;s arms-length approach to the instability sweeping the world&#39;s financial markets.
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The pound remained near six-month lows against the euro in the wake of news that Britain's trade position deteriorated further in July as the country sucked in more imports than it has ever done before in a single month.
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The pound continued to gain as market participants became increasingly confident that the Bank of England will raise interest rates in November, with some risk that they could raise rates as early as this week.
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LONDON/NEWCASTLE  - British Prime Minister Gordon Brown defended his handling of the nationalization of Northern Rock on Monday, but will now have to grapple with the fallout of possible job cuts and shrinking the bank.
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THE little-noticed drop in the pound on the foreign exchanges is starting to worry Mervyn King. In a speech in the rarefied setting of the Eden Project in Cornwall, the Bank of England governor noted that
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The pound was firm in the wake of Monday&#39;s hawkish speech by Bank of England governor Mervyn King.
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The pound suffered losses against the dollar and Euro today.
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The pound firmed Tuesday as an upbeat speech from Bank of England rate setter Kate Barker and the recovery in global equity markets offset a weak UK manufacturing survey.
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The pound remained stuck around the 2.00 dollar level on Monday, crossing the psychologically-important threshold on a few occasions. The pound has risen steadily since last week, when the minutes to the Bank of England&#39;s June meeting showed the Monetary Policy Committee is very likely to vote for a rate hike next week.
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Sterling bulked up some by the end of the session. Earlier the pound had been on the backfoot after softer than expected inflation numbers for August cemented expectations that the Bank of England's rate-setting Monetary Policy Committee may not raise the cost of borrowing too much further from its current 4.75 percent.
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The pound strengthened against the US dollar ahead of a keynote speech by Bank of England governor Mervyn King.
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Juan Antonio Samaranch has refuted suggestions from World Anti-Doping chief Dick Pound that he was soft on doping during his tenure as IOC president and said the criticism was a result of frustrated ambition.
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Britain's finance minister Alistair Darling on Sunday defended his handling of the crisis at troubled bank Northern Rock, after a highly critical report by an influential committee of lawmakers.
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The pound strengthened slightly against the dollar but remained weak against the euro after the release of more downbeat news on the UK housing market.