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The spot GBP/EUR exchange rates are 1 (buy GBP at) and 1.005 (sell GBP at). A trader quotes a one-year forward rate of -100 points

The spot GBP/EUR exchange rates are 1 ("buy GBP at") and 1.005 ("sell GBP at"). A trader quotes a one-year forward rate of -100 points what is the new exchange rate?

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