The spot rate for British Pounds (GBP) into Swiss Francs (CHF)

The spot rate for British Pounds (GBP) into Swiss Francs (CHF)

The spot rate for British Pounds (GBP) into Swiss Francs (CHF)

Subject: Business    / Finance
Question
The spot rate for British Pounds (GBP) into Swiss Francs (CHF) is 1.4966 CHF/GBP. The 3-month forward point is quoted as -28.

What is the 3-month forward rate?
Are interest rates higher in the UK or Switzerland?
If interest rates in the UK are 0.5% then what are interest rates in Switzerland? Assume rates are of the form

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