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Question 4. As of November 1, 1999, the exchange rate between the GBP and U.S....

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Finance

Question 4. As of November 1, 1999, the exchange rate between the GBP and U.S. dollar is $1.38/. The consensus forecast for the U.S. and the U.K. inflation rates for the next 1-year period is 4.6% and 9.0%, respectively. How would you forecast the exchange rate to be at around November 1, 2000? Does it appreciate or depreciate? Explain properly.

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