What is uncovered interest parity? Explain and write the expression associated with this parity.

What is uncovered interest parity? Explain and write the expression associated with this parity.
The current exchange rate is $2/₤. The annual interest rate on 60-day US- dollar denominated bonds is 5% and the annual interest rate on 60-day pound denominated bonds is 11%. Investors currently expect the exchange rate to be $1.98/₤ in 60 days.
Does uncovered interest parity hold?