Beginning of the year Spot rate of GBP = 1.596 USD por GBP Spot riste of AUD=0.7D USO per ALD Cross exchange rate 2.28 AUD =1GPB One-year forward rate of AUD=0.71 USD per AUD One-year lonward rate of CBP=1.58004 USD per GBP One-year U.S. interost rate =8.0096 Orne-year Bristst intorest rate =9.09 One-yoar Australian interest fate =7.004 Assume that at the beginning of the year, the pound s value is in equibrism, Assume that over the year the British infation rate is 6 percent, wheras the U.S. intation rate is 4 percant. Assume that any change in the pound's vatue due to the inflation ditlarential has ocoured by the end of the your. Usirg this information and the informaten srovisod in quation 1. detertmine haw the potind's value changed over the your. 15 points Assume that the pounds deprecation over the year was attibuted directy to central bavi intervention. Explain the type of dreot interventica that would place downward pressuse on the value of the pound