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 traded lower during the Asian session on Tuesday, reversing some of the previous day’s strong gains of more than 85 points from levels below 1.2100. GBP/USD is currently trading…
