If the interest rate in the U.S. is expe If the interest rate in the U.S. is expected to be 5 percent for the next year. The interest rate in the U.K. is expected to be 8 percent for the next year. Uncovered IRP suggests that the: Multiple Choice British pound is should appreciate against the dollar by about 3 percent. 0 U.S. dollar should depreciate against the pound by about 3 percent. 0 U.S. dollar should depreciate against the pound by about 3 percent. 0 British pound should depreciate against the dollar by about 3 percent. 0 British pound should depreciate against the dollar and the dollar should appreciate against the pound, both by about 3 percent