Last month, you bought one March GBP futures contract at the closing rate of $1.2400. Assume that the maturity date of this contract is today, March x, 2020. If the spot rate today (at expiration) is $1.2250, how much money did you gain or lose on your futures contract. Assume that the size of one GBP futures contract is £62,500.

Answer rating: 100% (QA)

ANS WER You would have lost money on your futures contract to the tune ... View the full answer