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You are given the following exchange rates: Exhibit 1 Interbank Currency Quotes Currency Pair Spot Rate Expected Spot Rate in One Year USD/EUR 1.3960 1.3863

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You are given the following exchange rates: Exhibit 1 Interbank Currency Quotes Currency Pair Spot Rate Expected Spot Rate in One Year USD/EUR 1.3960 1.3863 CHF/USD 0.9585 0.9551 USD/GBP 1.5850 1.5794 Based on the exhibit, the USD is expected to appreciate by how much against the GBP over the next year? O A. -0.4% B. +0.4% C. +0.6%

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