Due to high uncertainty in markets, the only quotes that are available for interest rates are 1-month quotes, that is, interest rates for one-month horizons. The monthly interest rates in the USA and Britain are, respectively, 1% and 1.5%. You seek to purchase the British Pound one-year, that is, 12-month forward. Given that the spot rate for the British Pound today is, $1.48 per pound, assuming satisfaction of Interest Rate Parity, what do you expect the forward quote for the delivery, in one year, of British Pounds to be