Question: Question 1 (3 points) Listen A trader thinks that the U.K. pound will cost $1.23/ in June. A June currency futures contract is available today

Question 1 (3 points) Listen A trader thinks that the U.K. pound will cost $1.23/ in June. A June currency futures contract is available today at a rate of $1.25/. If he/she was to speculate in the currency futures market, and his/her expectations are correct, which of the following strategies would earn him/her a profit? Sell a pounds futures contract. Buy pounds in six months. Buy a pounds futures contract. Buy pounds today

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