UK pound falls to fresh 2.5-year low against Singdollar as 'Brexit' fears persist

[BlueKelah]

Is this the end of booming property market in London/UK ?? But should not be too big a hit on their GDP since construction contributes only around 7%.
 

U.K. Construction Shrinks at Fastest Pace Since 2009 on Brexit

U.K. construction unexpectedly shrank at the fastest pace since 2009 in June as the impending vote on Britain’s European Union membership stymied residential building.

A Purchasing Managers’ Index slid to 46 from 51.2 a month earlier, Markit Economics said in London on Monday. Economists in a Bloomberg News survey had predicted a reading of 50.7, above the 50 level that divides expansion from contraction.