In the spot market, $$1$ is currently equal to $\pounds 0\mathrm{.}6211.$ Assume the expected inflation rate in the U$.$K$.$ is $2\mathrm{.}6$ percent while it is $4\mathrm{.}3$ percent in the U$.$S$.$ What is the expected exchange rate four years from now if relative purchasing power parity exists?

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