(Bloomberg) -- The U.K. pound fell against the euro and the dollar, after a government report showed retail sales unexpectedly fell in April, a sign that higher prices and rising borrowing costs may be starting to hurt consumer spending.
Sales fell 0.1 percent after a revised 0.5 percent gain in March the Office for National Statistics said today in London. Economists expected an increase of 0.6 percent, according to the median of 35 estimates in a Bloomberg News survey.
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