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Suppose that the spot exchange rate between the US Dollar (USD) and British Pound Sterling (GPB) is GBP 0.80 / USD 1.00. A forward contract

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Suppose that the spot exchange rate between the US Dollar (USD) and British Pound Sterling (GPB) is GBP 0.80 / USD 1.00. A forward contract today offers an exchange rate in 1 year of GBP 0.95 / 1.00 USD. Does the forward contract anticipate appreciation or depreciation of the USD? By how much? USD appreciating by 15.00% UDS depreciating by 18.75% USD depreciating by 15.789% USD appreciating by 18.75%

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