Question 1 2 pts The 6-month interest rates (annualized) in the UK and the US are 5.5% and 1.1%, respectively. The current spot exchange rate is GBPUSD = 1.3350. You form an expectation that the US dollar will appreciate against the British pound and therefore open a short forward position to sell 100,000. What is the value of this position (to the nearest 10) in 3-months time if the 3-month interest rates (annualized) in the UK and the US are 5.0% and 1.6%, and the spot exchange rate has fallen to GBPUSD 1.2868? 3,000 3,020 3.040 None of the above