Assume the current spot rate between the UK and the U.S. is 0.839 per $1, the expected inflation rate in the U.S. is 1.21 percent,

Assume the current spot rate between the UK and the U.S. is £0.839 per $1, the expected inflation rate in the U.S. is 1.21 percent, and the expected inflation rate in the UK is 4.25 percent. If relat...