Due to the integrated nature of their capital markets, investors in both the U.S. and U.K. require the same real interest rate, 2.9%, on their lending. There is a consensus in capital markets that the annual inflation rate is likely to be 2.3% in the U.S. and 3.8% in the U.K. for the next three years. The GBP/USD rate is currently 1.3050. What is your expected future spot for GBP/USD three years from now? (X.XXXX)

Due to the integrated nature of their capital markets, investors in both the U.S. and U.K. require the same real interest rate, 2.9%, on their lending. There is a consensus in capital markets that the annual inflation rate is likely to be 2.3% in the U.S. and 3.8% in the U.K. for the next three years. The GBP/USD rate is currently 1.3050. What is your expected future spot for GBP/USD three years from now? (X.XXXX)