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The spot rate for the British pound () is $1.28/. Over the next year, expected inflation is 1.9% in the UK and 1.5% in the
The spot rate for the British pound () is $1.28/. Over the next year, expected inflation is 1.9% in the UK and 1.5% in the U.S, respectively. If purchasing power parity (PPP) holds, at year-end the exchange rate should be approximately Multiple Choice $1.2749/ $1.50/ $1.2190/ $1.2800/
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