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 attracted some dip buying around 1.2655 on Monday in Asia and now appears to have broken off a pullback from around 1.2800, the near four-month high hit last week.…
