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
