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Nominal interest rates in King are 0.07, while nominal interest rates in the U.S. are 0.05. The spot rate for the King pound (CYP) is

Nominal interest rates in King are 0.07, while nominal interest rates in the U.S. are 0.05. The spot rate for the King pound (CYP) is $1.50. According to the international Fisher effect (IFE), the King pound should adjust to a new level of:

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