BPP revision kit -Mock 1 Question 2

Retilon plc is a medium sized UK company that trades with companies in several European countries. Trade deals over the next three months are shown below. Assume that it is now 20 April. 2 month:- net payment is euro 393,265 3 month :-net payment is euro 676,928 3 month :- reciept is KR 8.6 million Foreign exchange rates: Dkroner/£ Euro €/£ Spot 10.68 – 10.71 1.439 – 1.465 Two months forward 10.74 – 10.77 1.433 – 1.459 Three months forward 10.78 – 10.83 1.431 – 1.456 1) Why is that for the 3 month payment basis risk is calculated as? Profit or loss April – to buy 0.6983 July – to sell 0.7002 (1) 0.0019 profit WN 1 End of April End of July September future 0.6983 0.7002 Spot (1/1.439)ie 0.6949 0.6988 ie (1/1.431) 0.0034 * 2/5 0.0014 1)for end of april why did we take 1/1.439 and for july 1/1.431 2) when do we know we are supposed to take the reversal of exchange rate rate ie 1/1.439 my guess is that future contracts are given as "pound per euro" and spot rate is "euro per pound? my answer normally dont we do Future price -0.6983 Spot-(1/1.431)=0.6986 =0.0005*(2/5) =.0.0002 Expected rate is 0.6983+.0002=0.6985 net outcome is Buy at 0.6983 sell at 0.6985 also there is no tick size or price given here so why does the solutions say Profit or loss April – to buy 0.6983 July – to sell 0.7002 (1) 0.0019 profit Profit per contract = 19 ticks * £12.50 = £237.50 is it a standard procedure to calculate ticks here...my answer 125000*.0.0019*5=1187.5 same as above 3)so why did they specifically mention tick size when its not given? its so confusing when they use ticks when the question doesnt mention it