The dollar sterling exchange rate (colloquially known as cable) is 1.83, 1 = $1.83. The sterling
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The dollar sterling exchange rate (colloquially known as ‘cable’) is 1.83, £1 = $1.83. The sterling euro exchange rate is 1.41, £1 = € 1.41. The dollar euro exchange rate is 0.77, $1 = €0.77. Is there an arbitrage, and if so, how does it work?
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