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The one-year forward rate of the British pound is $1.2058, while the current spot rate is $1.3976. Based on the forward rate, what is the

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The one-year forward rate of the British pound is $1.2058, while the current spot rate is $1.3976. Based on the forward rate, what is the expected percentage change in the British pound over the next year? Round to four decimals. Example: 0.1234

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