In the month of December,the UK Government increased the official interest rate by 1%. The interest rates of UK and Canada for the month of December is 3% and 2% respectively.' Choose the correct answer based on the given information. a. No change in exchange rates between CAD and GBP b. CAD will appreciate as Canada's interest rate is lesser than the UK interest rate C. GBP will appreciate as UK interest rates are higher than Canadian interest rate d. GBP will depreciate due to increase in UK interest rates