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Assume the following: Spot GBPUSD = 1.3800 12MO GBP Money Market Rates = 1.50% 12MO USD Money Market Rates = 0.75% What is the 12MO

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Assume the following: Spot GBPUSD = 1.3800 12MO GBP Money Market Rates = 1.50% 12MO USD Money Market Rates = 0.75% What is the 12MO GBP/USD forward rate? (Recall that Money Market Rates are quoted as annualized rate)

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