Suppose that the spot pound in dollars exchange rate is :$ = 1.4570-1.4576 and the six-month forward

Question:

Suppose that the spot pound in dollars is £:$ = 1.4570-1.4576 and the six-month forward pound is $/£ = 1.4408-1.4434.
a. Is the pound trading at a discount or at a premium relative to the dollar in the forward market?
b. Compute the annualized forward discount or premium on the pound relative to the dollar.
Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...