Canadian Inflation Is Predicted to Be 5% Next Year $\le$ 211 Per $1

Canadian inflation is predicted to be 5% next year. The Barnes group tells you that inflation in England is expected to be 3%. The current exchange rate is $\le$ 2.11 per $1. What is your best guess as to next year's exchange rate?

A) $\le$ 1.201 per $1
B) $\le$ 1.385 per $1
C) $\le$ 1.723 per $1
D) $\le$ 2.069 per $1
E) $\le$ 2.152 per $1