The dollar/pound ($/) exchange rate is currently $1.82/1 and the following futures price exists for June. June Futures (contract size 50,000 ) $1.80/1 You work for an American travel company and are due to pay in June, 100,000 for hotel bookings to the UK Hotel chain. Discuss how you may use the future's contract to hedge the exchange rate risk, in your answer consider a range of possible future spot rates for dollar-sterling