financial derivatives

You are interested in a 3-month forward contract on GBP. Suppose the spot exchange rate is $1.40/E, the 3 -month interest rate on USD is 5%, and the 3 -month interest rate on GBP is 5.5%. If the forward price is given to be $1.41/E, explain whether there is an arbitrage opportunity. If there is an arbitrage opportunity, explain how you could exploit it by drawing a transaction table to detail your strategy