It's International Finance, please answer both questions with details

2. Interest Rate and Exchange Rate (15 points) 1. Suppose the dollar interest rate and the pound sterling interest rate are the same, 5 percent per year. What is the relation between the current equilibrium $/ exchange rate and its expected future level? I 2. Suppose the expected future $/ exchange rate, $2 per pound, remains constant as Britain's interest rate rises to 10 percent per year. If the U.S. interest rate also remains constant, what is the new equilibrium $ exchange rate