4. Interest rate parity Suppose that the six-month interest rate in the United States is 2%, while the six-month interest rate in Britain is 6%. Further, assume the spot rate of the pound is 1.6. Given the spot rate of 1.6 of the pound, as well as the premium of 3.7736% that you calculated previously, the six month forward rate of pound should be about under IRP. 1. 2. 3. 3. Given the spot ra the pound, as well as the premium of 3.7736% that you calculated previously, the six month forward rate of pound should be about under IRP