suppose that in Japan the interest rate is 8% and inflation is expected to be 3%. meanwhile, the expected inflation rate in France is 12% and the British interest rate is 14%
to the nearest whole number, what is the best estimate of the 1-year forward exchange premium (discount) at which the pound will be selling relative to the euro?


谢谢大家的帮忙！
求完整解答过程。。 答案我有的是 gbp should sell at about 3% p.a. fwd premium to the EUR

题目中: the pound will be selling relative to the euro 这里的意思 是那个货币作为商品货币？
总是搞不清楚..


谢谢