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Wed 01 Jan 2007Dollar dips further against poundSterling hit a one-month high against the dollar today, bolstered by expectations of a UK interest rate rise in the next few months, before stumbling against tough technical resistance at those levels.A run of robust data from Britain's housing market, as well as signs that retailers enjoyed relatively solid Christmas sales, have supported the view that the Bank of England will follow up last year's two rate increases with a move to 5.25 per cent in the first quarter of 2007.