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.
During early European trading on Thursday, the EUR/GBP cross closed positive for the second consecutive day. Investors will be closely watching the European Central Bank’s (ECB) interest rate decision later…
