The UK pound has remained strong against a weak US dollar on speculation that interest rates may be cut to help revive the world's biggest economy.
On Thursday, Federal Reserve boss Ben Bernanke warned of a noticeable slowdown in the US in coming months.
With interest rates unlikely to fall in other key markets, the dollar's rate of return looks unappealing to investors.
Sterling hit $2.1144 earlier for the first time since the early 1980s, while one euro hit a record of $1.4740.
The dollar also fell more than 1.5 yen to below 111 yen.
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Friday, November 9, 2007
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