Question: The 3 month forward rate between British pound and the Swiss franc is 0.5. A speculator predicts the spot rate in three months to be

The 3 month forward rate between British pound and the Swiss franc is 0.5. A speculator predicts the spot rate in three months to be 0.51 and has 1,000,000 for speculation. The speculator should not

		A. get a long position on British pounds
		B. get a short position on Swiss francs
		C. speculate
		D. get a long position on Swiss francs

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