The 3 month forward GBP USD rate is 1 2 4 9 5 The 3 month interest rate for UK is 4 p a ( per annum ) and for US is 3 p a What is the GBP USD spot exchange rate

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The 3 - month forward GBP / USD rate is 1 . 2 4 9 5 . The 3 - month interest rate for UK

The

3 -

month forward GBP

/

USD rate is

1.2495 .

The

3 -

month interest rate for UK is

4 %

.

. (

per annum

)

and for US is

3 %

.

.

What is the GBP

/

USD spot exchange rate?

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