Assume the dollar interest rate and the pound sterling interest rate are the same 5 % per year. Calculate the relation among the currency equilibrium $/£ exchange rate and its expected future level? Assume the expected future $/£ exchange rate, $1.52 per pound, remains stable as Britain's interest rate rises to 10 percent per year. If the U.S interest also remains constant, determine the new equilibrium $/£ exchange rate?