Question 10 Suppose the following are taken from foreign exchange trading desk of Goldman Sachs in London of the exchange rates of the euro relative to the pound and the dollar and the dollar relative to the pound as: 1.4381/ or 0.6954/ 0.8408/$ or $1.1893/ $1.7395/ or 0.5749/$ Using a diagram determine the arbitrage profits a trader will make when he starts with EUR10, 000,000 and buys GBP. (10 Marks)