Foreign Exchange Nuts and Bolts

Question 1 of 6

Given the following data, what is the 3 month forward rate for GBP/EUR?

Spot exchange rate 1.4500

GBP Interest rate 4.50% p.a.

EUR interest rate 2.80% p.a.

Assume that 3 months is exactly a quarter of a year and ignore bid/offer spreads.

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