If the expected inflation is 6% per year in the US and 4% per year in the UK, the relative PPP holds that O The pound is expected to depreciate about 2% against the dollar over the next year. O The pound is expected to depreciate about 10% against the dollar over the next year. O The pound is expected to appreciate about 2% against the dollar over the next year. O The pound is expected to appreciate about 10% against the dollar over the next year