The inflation rate in the U.K. Is 5%, while the inflation rate in the U.S. Is 9%. The spot rate for the British pound is $1.50. According to the Purchasing Power Parity (PPP), what level will the British Pound will be adjusted to? The British Pound will change to (Please do not use the answer box. Email your work!) Please do not round during intermediate steps and round your final answer to four decimal places