In February, a US investor believes that the GBP will increase against the USD for the next two months. If he decides to buy 250,000 as an investment, what trading options does he have? 1. He can buy the amount directly today from spot market at 1.6470 and wait to sell it at a higher exchange rate. 2. Alternatively, he can take a long position in 4 April future contracts (62,500 each) that requires only $20,000 initial margin, with Futures price of 1.6410 on sterling If April spot price is 1.7, which strategy yields a higher profit