Sfm doubt

Radhika R Krishnan (Student) (135 Points)

07 March 2017  
In international finance, if the spot rate is given as, say, euro 1.196-1.197/sterling, and the forward prrmium is given as 0.66-.55 euro cents, is the premium amount supposed to be added to the spot rate to arrive the forward or as the amount of premium is shown in descending order, be deducted to arrive at the forward rate. please help