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Suppose that the current spot exchange rate is GBP1-1.50 and the one-year forward exchange rate is GBP1=1.60. The one-year interest rate is 5.4% in euros

Suppose that the current spot exchange rate is GBP1-1.50 and the one-year forward exchange rate is GBP1=1.60. The one-year interest rate is 5.4% in euros and 5.2% in pounds. What is the Expected forward rate according to the IRP? (clearly, this rate might not be the same as the market forward rate GBP1-1.60 above) Report 4 numbers after decimal place.

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