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CIMAPRO19-P03-1 Exam - Topic 2 Question 105 Discussion

Actual exam question for CIMA's CIMAPRO19-P03-1 exam
Question #: 105
Topic #: 2
[All CIMAPRO19-P03-1 Questions]

The long-term prospects for inflation in the UK and the USA are 2% and 6% per annum respectively.

The GBP/USD spot rate is currently GBP/USD1.71.

Usingpurchasingpowerparitytheory, what GBP/USD spot rate would you expect to see inthree months' time?

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Suggested Answer: B

by Johana at May 02, 2026, 10:26 AM

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