This question will make you explore the GBP / USD exchange rate relationship in this year.
(a) Figure out the average spot rate for these 2 currencies for April 18th 2016 and April 18th 2017. (Cite the source.)
(b) Then calculate to the second decimal place in percentage terms how much:
(i) USD has appreciated.
(ii) GBP has depreciated.
c) What is the 1 month and the 6 month forecast for this pair’s exchange rate? Which currency is becoming stronger and by what %? (Cite the source – make sure it is a reliable one)