The Great Britain pound dropped today below the $1.50 threshold for the first time from the beginning of this month amid the signs that Britain’s economy falters.

The U.K. current account recorded the deficit of £9.6 billion in the first quarter of 2010, down from the revised surplus of £0.5 billion in the previous quarter. That was more than twice of the originally expected value of £4.5 billion deficit.

GBP/USD dropped to 1.5028 today as of 11:38 GMT after opening at 1.5062 and declining as low as 1.4948. GBP/JPY fell to about 133.02.

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