On Wednesday 22 June, the dollar was trading at $1.48 to the pound. Fast-forward two weeks and the pound had slumped to a 31-year low of just under $1.28. Sterling's slump has raised serious concerns about the wider economy. But how will it affect projects in the construction sector and what do contractors need to know to both protect their business and take advantage of the pound's new-found weakness? Many of the impacts of sterling's decline will only be felt if this weakness proves to be long term - the pound staying consistently low against the dollar for a period of a year or more. But in the short term, there are a number of factors to consider.
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