UK property price reductions lead the fall in GBP in 2016:
#Brexit is contributing to the mood in the UK housing market. And it doesn't look good. https://t.co/kv9Z9CTuAB pic.twitter.com/Qqas4MRSUM— Bloomberg Economics (@economics) August 11, 2016
Oil in 2014 and 2015 and then property now in 2016. GBP/USD goes from 1.70 now down to 1.30.
"Its about price not quantity..."