This is a simple reciprocal exchange rate calculation.
1 British pound (GBP) = 1.50 US dollars (USD)
1 USD = ? GBP
Invert the rate:
1 USD = 1 ÷ 1.50 GBP = 0.666... GBP
Rounded: £0.67 per $1 (or 67 pence).
This inverse relationship always holds for direct currency pairs (ignoring bid/ask spreads).