Pound with biggest quarterly drop in more than 4 years

The British Sterling declined against most of its major counterparts on Friday as it recorded the biggest quarterly fall versus the U.S. Dollar since December 2008 amid contraction of the U.K. economy in the Q4 fuelling concerns that the country might go through a triple-dip recession. The Pound dropped 6.7% in the Q1 to $1.5172 yesterday after sliding to $1.4832 on March 12.