The Next Questions Refer to the Following

Multiple Choice

The next questions refer to the following.
Suppose currency traders expect that one year from now, £1 will be worth $1.50, and the one-year risk-free interest rate in the UK is 7% while the one-year risk-free rate in the US is 3%.
-Then according to uncovered interest parity,today's spot rate should price £1 at

A) $1.35
B) $1.40
C) $1.44
D) $1.56
E) $1.65