You are a currency for a Chicago-based investment firm and you use futures to speculate on the value of the British pound. Use the futures quote in the table below to calculate your futures position: Maturity Open High Low Settle Change High Open Interest March 1.4246 1.4268 1.4214 1.4228 0.0032 1.4700 25,605 June 1.4164 1.4188 1.4146 1.4162 0.0030 1.4550 809 You sell 12 March futures contracts based upon the ending settlement value per the table above. The spot rate at maturity is $1.4560/GBP. What is the value of your position?