Assume that the real interest rate is 1.75% in both the U.S. and the U.K. The nominal one-year interest rate is 2.35% in the U.S. and 2.97% in the U.K. 1) According to the International Fisher Effect, what is the expected one-year inflation rate in the U.S.? 2) According to the International Fisher Effect, what is the expected one-year inflation rate in the U.K.? 3) What is the expected inflation differential, over the next year, between the U.S. and the U.K.? 4) According to the concept of the relative form of PPP, how should the exchange rate change over the next year