Bank of England cut its growth forecast for the UK economy from 2% to 1.9% on Thursday.
BoE leaves rates at 0.25% but warns inflation will peak earlier than expected.
No forex forecasting model outperforms random walk benchmark but PPP models serve a purpose.
Pound closes in on $1.30 barrier for the first time in eight months ahead of Bank of England meeting.
Euro falls below $1.09 for the first time since 4 May, while dollar gains ground against its main rivals.
Analysts warn newly-elected French president faces a series of difficult challenges ahead.
US central bank says economic slowdown experienced in Q1 is likely to be transitory.
Sterling endures high volatility after reports suggest Britain's Brexit bill could cost €100bn.
Markit PMI shows UK construction sector expanded at the fastest rate in three years in April.
Sterling shrugs off report showing UK economy grows 0.3% in the first quarter of the year.
Dollar gains ground as investors shrug off disappointment over Donald Trump's tax reforms.
Central bank maintains eurozone status quo on interest rate, as its president says 'downside risks have diminished'
US President due to announce a major tax overhaul which could see corporation tax slashed from 35% to 15%.
Euro remains on the front foot as investors expect Macron to secure French presidency next month.
Euro climbs to five-month high against the dollar, while pound falls 1.2%.
Euro falls from three-week high as investors remain cautious ahead of Sunday's presidential elections in France.
Analysts warn Sunday's election could destabilise the currency, despite recent gains.
Sterling pulls back from six-month high against the dollar but remains 2.5% higher against the greenback this week.
Sterling hits highest level since January against dollar after PM calls for 8 June election.
US president warns dollar's ongoing strength could hurt the US economy in the long-term.
Moody's reports emerging market currencies outperforming those of advanced economies.
UK unemployment rate remains steady at record-low 4.7%, driving pound to highest level since February.
Inflation remains unchanged at 2.3% in March, exceeding BoE's 2% threshold for second successive month.
Sterling shrugs off last week's decline to edge higher against euro and dollar.
Dollar struggles for direction after disappointing non-farm payrolls figures and geopolitical tension.
Bearish data from US failed to halt gains in oil market as traders speculate over extension of Opec cuts.
Euro hits month low against the dollar after Mario Draghi rules out short-term interest rates hike
Growth in the UK services sector hits three-month high in March, beating analysts' expectations.
South African rand plunges more than 1.5% against the dollar, after S&P slashes country's credit rating.
Euro falls flat despite Eurozone's factory output hitting highest level since 2011.