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Given the spot rate GBP/USD = 1.2959 and 180-day forward rate GBP/USD = 1.2990, the USD is expected to Depreciate by 14% Appreciate by 14%

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Given the spot rate GBP/USD = 1.2959 and 180-day forward rate GBP/USD = 1.2990, the USD is expected to Depreciate by 14% Appreciate by 14% Depreciate by 0.14% Appreciate by 0.14% None of the above

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