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 higher during the Asian session on Friday, moving away from the three-month high near 1.2445 hit the previous day. However, GBP/USD remains stuck at the psychological 1.2500 mark…
