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Take advantage of situation

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You are a currency trader at Credit Agricole. After calling your friends working at Bank of America, Unicredit, and Citibank, you observe the following quotes for the GBP/USD:

-Bank of America: GBP/USD : 1.1401 - 09.

-Unicredit: GBP/USD : 1.1395 - 1.1400

-Citibank : GBP/USD : 1.1401 - 1.1415.

You immediately spot an arbitrage opportunity. Set up the trades you would execute to take advantage of this situation.

Reference no: EM132467236

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