LONDON, April 21 Sterling fell against the
dollar and the euro on Friday after UK retail sales data came in
weaker than expected, adding to signs of a slowing of the
consumer spending that has propped up the UK economy since last
year's Brexit vote.
Retail sales volumes contracted 1.4 percent in the first
quarter following a 0.8 percent rise in the last three months of
2016, the Office for National Statistics said on Friday.
Falling 1.8 percent, retail sales volumes during March alone
were worse than all forecasts in a Reuters poll of economists,
which on consensus had predicted a decline of 0.2 percent.
The pound fell to a day's low $1.2781 following the data,
down 0.2 percent on the day. It also dipped 0.2 percent
to 83.81 pence per euro.
Britain's FTSE traded slightly higher after the
data, last up 0.1 percent.
British government bond futures were little
(Reporting by Ritvik Carvalho, Helen Reid and David Milliken;
editing by Patrick Graham)