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You observed that JPM has bid-ask spread of $1.3655 - $1.3665 for USD/POUND, and Bank of Austria with bid-ask spread of $1.1285 - $1.1295 for

You observed that JPM has bid-ask spread of $1.3655 - $1.3665 for USD/POUND, and Bank of Austria with bid-ask spread of $1.1285 - $1.1295 for USD/EUR. YOu also saw that Barclay has a bid-ask spread of 0.8225 - 0.8235 for POUND/USD. You have access to $20,000,000 line of credits. Show how you can arbitrage to make money of this.

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