Assume that U.S. and British investors require a real return of 2.5 %. The nominal U.S. interest rate is 11.6 %, and the nominal British interest rate is 8.9 %. The current spot exchange rate is 1.21 USD/GBP. If the IFE holds, what is the expected percent change in the value of the British pound relative to the dollar, over the course of the year? Enter answer in percents.