FNCE90016 International Financial Management - Part II. Exchange Rates During Brexit

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Part II. Exchange Rates during Brexit

Question 3

You are a forex trader with a long position in GBP. In the evening of Jun 20 just before going home, you were very happy that your position just got the largest boost of the year so far. What did the market predict the GBP rate (in USD) in the future at the time? Why? (5 marks)

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