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Suppose that you want to use the forward rate to obtain a four-year forecast of the British pound- U.S. dollar spot exchange rate. The four-year

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Suppose that you want to use the forward rate to obtain a four-year forecast of the British pound- U.S. dollar spot exchange rate. The four-year deposit interest rate in the United Kingdom is 1.5 percent compounded annually and the four-year deposit interest rate in the United States is 1 percent compounded annually. The current British pound-U.S. dollar spot exchange rate is $1.3000/. Given that the international parity condition holds, how much is your forecast of the British pound-U.S. dollar spot rate in four years? Round your answer to four decimal places

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