Published by Zeb BhamThe pound has fallen sharply against its major competitors after the Office for National Statistics showed the UK pulled out of recession by the slimmest of margins.Figures from the group showed a 0.1 per cent growth in gross domestic product (GDP) in the fourth quarter of 2009, well below analysts' expectations of 0.4 per cent growth.Speaking to the Financial Times, Divyang Shah, analyst at IFR Markets, said that the first sign of growth in six consecutive quarters is a small consolation from what are largely disappointing figures."It is best to keep that champagne on ice as the data does little to comfort a market that remains concerned about the sustainability of the recovery," he said.Following the announcement, the pound fell against the dollar, yen and euro. The GDP figures are likely to weigh heavily on the minds of Bank of England committee-members ahead of their next policy meeting on February 4th.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site