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As a foreign exchange trader for JPMorgan chase you have just called a trader at UBS to get quotes for the British pound for the
As a foreign exchange trader for JPMorgan chase you have just called a trader at UBS to get quotes for the British pound for the spot day day and day forward rates. Your UBS counterpart stated we trade sterling at what cash flows would you pay and receive if you do a forward foreign exchange swap in which you swap into pounds at the day rate and out at the day rate what must be the relationship between dollar interest rates and pound sterling interest rates.
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