Question: Peter Simpson thinks that the spot rate will be USD/GBP 1.43 in 6 months. A 6-month currency futures contract is available today at a rate

Peter Simpson thinks that the spot rate will be USD/GBP 1.43 in 6 months. A 6-month currency futures contract is available today at a rate of USD/GBP 1.44. If Peter speculates in the currency futures market, and his expectations are correct, which of the following strategies would earn him a profit?

A. Sell GBP today.

B. Long position in GBP futures.

C. Short position in GBP futures.

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