The 1-year interest rates in the united kingdom and united


The 1-year interest rates in the United Kingdom and United States were 0.471%/year and 1.771%/year, respectively. What was the approximate percent difference between the spot and one-year-forward foreign-exchange rates of these two countries given by the diferential on that day?

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Finance Basics: The 1-year interest rates in the united kingdom and united
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