Pound Sinks, Finds No Help from Construction PMI

The Great Britain pound sank to the lowest level since March against the US dollar today. The currency was also weak against other majors, even the Japanese yen, against which the sterling has rallied earlier.
The UK currency slumped even as the Markit/CIPS UK Construction Purchasing Managers’ Index came out much better than was expected, climbing from 62.4 in July to 64.0 in August compared to the forecast drop to 61.5. Polls report increasing support for independence of Scotland ahead of this week’s referendum. This may explain why the sterling ignored the positive economic data.
GBP/USD sank from 1.6606 to 1.6486 as of 17:55 GMT today. GBP/JPY rallied from 173.27 to 173.95 intraday but retreated to the opening rate as of now.

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