Suppose you collected data on global financial markets as the following TablesTable 1, 2 and 3. You will answer the following questions using these data.

1.As of 10:20 am, Oct. 16, was the UK pound for June 2021 delivery traded at forward premium or discount?

2.How you think the UK pound to be appreciated or depreciated by the end of 2021? Explain why referring to the data table.

3.If you have $1 million available until June 2021, where do you want to invest? Explain why.

4.For more accurate decision for Q.5c, what kinds of more data do you think you will need to collect?Table 1

Spot Exchange Rates 10:20 AM EDT 10/16/20 spot FX rates change %CHG Euro (EUR/USD) 1.17 21 0.0012 0.10 Japanese Yen (USD/JPY) -0.04 105 41 -0.04 U.K. Pound (GBP/USD) 0.0021 0.16 1.29 10 Swiss Franc (USD/CHF) 0.0002 0.02 0.91 47 Chinese Yuan (USD/CNY) -0.0283 -0.42 6.69 71 Canadian $ (USD/CAD) 1.31 93 -0.0034 -0.26 Mexican Peso (USD/MXN) -0.1026 -0.48 21.1 742 Bitcoin (BTC/USD) -214 -1.86 1132 9 WSJ Dollar Index -0.10 -0.11 88.5 8 U.S. Dollar Index 93.6 9 -0.17 -0.18 Table 2 Government Bonds 10:20 AM EDT 10/16/20 10-year bonds. OUNTR YIELD(%) YIELD CHG U.S. 0.738 0.001 Germany -0.627 -0.020 U.K. 0.173 -0.008 Japan 0.023 -0.002 Australia 0.734 -0.043 China 3.251 0.000 Table 3 Contracts (currency futures], 10:20 am, Oct. 16, 2020 British Pound (CME) MONTH Front Month LAST CHG OPEN HIGH LOW DATE TIME 1.2925 0.0024 1.2908 1.2961 1.2859 10/16/20 9:27 British Pound Oct 2010 1.2925 0.0024 1.2908 1.2961 1.2859 10/16 20 9:27 British Pound Nov 2020 1.2914 0.0011 1.2902 1.2953 1.2869 10/16/20 9:25 British Pound Dec 2020 1.2926 0.0022 1.2908 1.2965 1.2856 10/16 20 9:27 British Pound Jan 2011 1.2925 0.0016 1.2908 1.2968 1.2874 10/16/20 9:24 British Pound War4041 1.2934 0.0023 1.2928 1.2971 1.2868 10/16/20 9:27 British Pound Jun 2021 1.2928 0.0010 1.2908 1.2964 1.2890 10/16/20 9:19 Pound 1.2944 0.0020 1.2985 1.2976 1.2911 10/16/20 9:27 British Pound Dece2011 1.2948 0.0017 1.2987 1.2978 1.2922 10/16/20 8:07