Question: The U.S. dollar per British pound spot rate changes from S0(USD/GBP) = USD 1.3786/GBP to S1(USD/GBP) = USD 1.4890/GBP. What is the approximate percentage change

The U.S. dollar per British pound spot rate changes from S0(USD/GBP) = USD 1.3786/GBP to S1(USD/GBP) = USD 1.4890/GBP. What is the approximate percentage change in the value of the U.S. dollar?

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