Most of the week the pound stayed lower than 1.30. GBP/USD has fallen after the house price balance in the UK appeard much worse than expected. The indicator was only 5% instead of the expected 15%. At the same time RICS said, that the fall in sales was the biggest since the financial crisis in 2008, the rise in prices in July was the slowest in three years, while the volume of new sales fell. This shows that the real estate market is already adjusting to the decision of the UK to leave the EU, and as British consumers are so heavily dependent on property prices, their sudden drop may affect consumer spending in the future.
