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The current spot market quotes are $1.4400/ and $1.0500/. The 1 -month forward rates are $1.6848/ and $1.1920/. The Pound is xpected to relative to

The current spot market quotes are $1.4400/ and $1.0500/. The 1 -month forward rates are $1.6848/ and $1.1920/. The Pound is xpected to relative to the Euro. Depreciate by 0.1714 Appreciate by E0.0887 Appreciate by 0.1677

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