Sterling falls against euro

The pound fell to its lowest level against the dollar in over a week as construction became the latest sector to signal Britain’s economy is losing momentum, with the UK heading for a referendum that may push it out of the world’s largest trading bloc.

Sterling also slid versus the euro after Markit Economics said its construction gauge fell to 52 last month, compared with the 54 median prediction of economists.

The currency pared losses against the dollar after a private report showed lower-than-forecast US jobs gains in April.