The US term quote on the spot British pound is $1.5683/? and the quoted rate on the Canadian dollar in US terms is $0.54/C$. The quoted cross rate is $3.00/?. If triangular arbitrage is possible what direction should the trading be made in? Triangular arbitrage is possible buy british pounds with american dollars Triangular arbitrage is possible buy british pounds with canadian dollars Triangular arbitrage is possible buy american dollars with british pounds Triangular arbitrage is not possible