Forward Premium (Discount) on the Pound. Calculate the forward premium (or discount) on the pound if the spot rate is $1.6241/ and the 3-month forward rate is $1.5943/. Note: Use a 360-day year. The forward premium (or discount) on the pound is %. (Round to four decimal places.) (Select from the drop-down menus.) The negative value indicates that the Pound is selling forward at a to the Dollar. This also means that the Dollar is selling forward at a to the Pound -- that is, the forward rate requires fewer U.S. dollars in exchange for pounds than the current spot rate