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.
In early European trading on Tuesday, EUR/GBP rebounded from a one-week low of 0.8558 and then held near 0.8580. Mixed UK employment data failed to boost the pound, while investors…
