Sterling eased on Thursday after data showed the UK economy entered recession in the second half of 2023.

The pound was last down 0.06% at $1.25580 from $1.268 right before the data.

Britain's economy shrank by 0.3% in the three months to December, entering a recession in the second half of 2023 after it also contracted by 0.1% between July and September, official data from Office for National Statistics (ONS) showed.

(Reporting by Amanda Cooper; Editing by Lucy Raitano)