Sterling fell against the US dollar yesterday, coming under pressure after figures showed that the UK economy contracted by more than expected in the final quarter of last year. With GDP figures showing a 0.2% contraction against an expected drop of 0.1%, there were market concerns that the Bank of England would look to ease monetary policy further. Minutes from the Bank’s last meeting showed that further asset purchases were “likely”, which essentially means definitely. Sterling made some gains against the euro as investors became concerned that the ECB would have to write down holdings of Greek debt. Call in now for a live exchange rate.