You are the VP and Treasurer of Wilco & Company, a sizeable multinational firm. Assume that your general approach to hedging the Company's transaction risks is to do nothing. However, you do$,$ from time to time, like to play the market a little with the firm's surplus cash and you frequently speculate on anticipated moves in currencies. One of those is the British Pound $($GBP$)$ which, based on your careful analysis, you truly expect the GBP to STRENGTHEN against the US Dollar in the next six months.

Question A $-$ What investment $($or set of investments$)$ could be used to take advantage of this speculative expectation?

Question B $-$ What is the degree of financial risk associated with the investment $($or investments$)$ you identified in part $\text{'}$a$.\text{'}$ just above in the event you are wrong about the expected trend in the GBP$/$USD$?$