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Team GB pair Helen Glover and Heather Stanning stormed into the final of the women's pair in a new Olympic record time.
Roared on by a packed crowd at Eton Dorney, Glover and Stanning won the opening heat of the Olympic regatta in a time of six minutes and 57.29 seconds, beating the previous best by over four seconds.
Glover and Stanning controlled the race from the outset, leading the field by a half a length at the 500 metre time-check before pulling smoothly clear to beat the United States crew by a length.
The defending Olympic champions Romania came a surprise third and will have to negotiate the repechages to reach Wednesday's final.
Glover and Stanning reacted to being pipped into silver place at the 2011 World Championships by dominating the women's pair this year, winning gold at all three of this summer's World Cup regattas.
If they can continue that run of success into Wednesday's final they will become Britain's first ever female Olympic rowing champions.
Today's performance sent out a powerful message of intent to the rest of the field, with heat two winners Australia coming home in a time four seconds slower than the British crew.
New Zealand, who beat Glover and Stanning by eight hundredths of a second to win the World Championships last year, trailed home unconvincingly behind the Australians.
Great Britain's men's eight finished second in their heat behind three-time world champions Germany and will have to go through a repechage on Monday to reach Wednesday's final.
But racing for the first time with their current crew - with 20-year-old Constantine Louloudis at stroke after returning from injury - Britain produced a confidence-boosting performance.
Germany seemed in control at the halfway mark but Louloudis, the Old Etonian rowing on his school lake, inspired a powerful second 1,000 metres as Britain closed the gap to half a length.
The repechage will give Britain an extra race together. They should enter Wednesday's final with podium potential and, following today's performance, gold medal aspirations.
The race was five seconds faster than the first heat which was won by a resurgent United States crew, who had finished eighth at the World Championships and only qualified for the Olympics at the last opportunity.
Earlier, the British women's quad of Melanie Wilson, Debbie Flood, Frances Houghton and Beth Rodford finished a disappointing fourth in their heat and must now negotiate a repechage to reach the final.
The British men's lightweight four of Peter Chambers, Richard Chambers, Rob Williams and Chris Bartley produced a barnstorming finish to beat world champions Australia and reach the semi-finals.
The men's pair of George Nash and Will Satch were also victorious in their heat - but their achievement was overshadowed by Hamish Murray and Eric Bond smashing the world's best time in the other heat.
Murray and Bond won in six minutes, 08.50 seconds - almost six seconds better than the previous best, set by Matthew Pinsent and James Cracknell at the 2002 world championships in Seville, Spain.
The Kiwi pair are unbeaten since teaming up in 2009 and one of the strongest gold medal favourites of the regatta.
Britain's men's double of Bill Lucas and Sam Townsend were edged into second place by New Zealand in a tight race but it was enough to qualify for the semi-finals.
The quad of Stephen Rowbotham, Tom Solesbury, Charles Cousins and Matt Wells were a length behind world silver medallists Germany but they did enough to make the semi-finals.
Alan Campbell rounded off Britain's interest in the opening day of the regatta by comfortably winning his heat from China's Liang Zhang to reach the quarter-finals in a packed field.