Markets are now pricing in an extraordinarily slow pace of rate hikes by the US Fed – from their current 0.25-0.5% range, to about 0.75% by the end of 2017.
Economists Roger Bootle and John Mills say imports exceeding exports amid a costly sterling is a leading cause of the UK's large current account deficit.
Bank of England votes 9-0 to keep rates unchanged and expects UK economy to slow down less than forecast.
Dollar gains steadily against the yen as US investors sit tight ahead of Federal Reserve meeting next week.
Dollar's rally stalls after dovish comment from Fed Governor Lael Brainard, before recovering ground.
Dollar trades mixed amid increasing fears the Fed will hike interest rates this month.
Dollar gains sharply against the yen after Richmond Fed President makes strong case for September rate hike.
Pound tumbles 0.8% against the euro as Mario Draghi unveils plans to extend quantitative easing programme.
Euro slides against the dollar ahead of highly-anticipated European Central Bank's meeting on Thursday.
Australian dollar gains against its major peers after RBA opts to keep rates unchanged at 1.5%.
Dollar slides against the yen as investors continue to analyse Friday's underwhelming job report.
Sterling remains on track to clinch weekly gains as business confidence increases.
Dollar gains against euro and yen as investors await Friday's non-farm payrolls report.
Dollar advances against euro and yen after ADP report matches expectations ahead of non-farm payroll figures.
Dollar remains on the front foot after Federal Reserve hints at short-term interest rates hike.
Dollar slips against euro and yen ahead of Janet Yellen's much-anticipated speech at Jackson Hole meeting.
Dollar slips back against euro but holds steady against yen as Jackson Hole meeting begins.
Dollar gains against euro ahead of Janet Yellen's speech at Jackson Hole symposium on 26 August.
Dollar retreats against euro and yen ahead of Federal Reserve chairwoman Janet Yellen's speech on Friday.
Dollar gains ground against yen as investors await Friday's speech from Federal Reserve chair Janet Yellen.
Dollar gains against most currencies, despite more mixed messages from Federal Reserve officials.
Dollar edges lower after Federal Reserve minutes show US policymakers remain divided over timing of next rate hike.
Dollar gains ground against yen as investors await release of minutes from latest Fed meeting.
Inflation edges higher to 0.6% in July but remains long way short of Bank of England's 2% target.
Pound falls below $1.29 mark for the first time in a month overnight as post-BoE's slide continues.
Pound heads for second week of decline as it falls below $1.30 level for first time since July.