Exchange rate refers to the value of one currency in relation to another. It is the price at which one currency can be exchanged for another. Exchange rates are determined by a variety of factors, including supply and demand for each currency, economic and political conditions in each country, interest rates, inflation rates, and other factors.
GBP/USD will continue its bullish momentum next year, rising to 1.3500, Goldman Sachs’ global head of FX said in his latest report, citing GBP/USD’s correlation with equities and fading fears…
