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4. On August 16, the spot quotation on the pound was GBP / USD 1.9833 with the September futures contract closing at 1.9843. Yet on

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4. On August 16, the spot quotation on the pound was GBP / USD 1.9833 with the September futures contract closing at 1.9843. Yet on the 1St August the pound was valued at around GBP 1' USD 2.04. What do you think has happened to the price of the September pound futures contract over the month of August? Why

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