Published by Mark Smith-HalvorsenA drop in the value of the pound within the foreign exchange market has coincided with signs that economic growth in the UK could be slowing down.Sterling fell one per cent against the dollar and 0.9 per cent against the yen, however there was little change in the pound against the European currency in recent trading, Bloomberg reports.Senior currency analyst at Danske Bank John Hydeskov told Bloomberg that recent UK data "hasn't been impressive".He added: "We expect the Bank of England to revise down its growth projections ... Sterling has been overbought in recent weeks and we should have a correction."This follows the first slump in UK housing prices in a year, after slower sales were recorded in July, Bloomberg reports.According to a poll conducted by Reuters this week, the UK economy is likely to grow by 0.5 per cent in the third quarter of this year, before slowing down to between 0.3 and 0.5 per cent in the final three months.For more information on purchasing currency for regular or one-off payments, visit our Personal FX site