The last 24 hours have been volatile on the FX markets, so let’s see how this has influenced the spreads for the three non-cross majors.
Euro/Dollar’s long term average and maximum spreads are point 26 and 2.3 pips respectively.
Last 24 hours have been bearish for the Euro, pair has dropped by a total of 2% or 222 pips to hit the low of 1 0887.
Despite the volatile rate movement, spreads have been generally calm as the max of 2.3 pips took place yesterday at 12:22 PM GMT.
The Cable’s daily average spread is 1.24 pips and both of the sides separated by 5.9 pips yesterday.
A single trend hasn’t formed over the past 24 hours and the biggest move is a rise of slightly more than 1% or 127 pips.
Spreads were elevated for a number of ticks yesterday at 11 PM GMT, but 5.9 pips is the biggest gap you should have seen.
Wrapping up this report is the Dollar/Yen, which has a daily average spread of point 45 pips. Max separation has been 2.3 pips.
Greenback has surged against the Yen, gaining more than 3% or 319 pips to reach the high of 106 20.
Spreads were at their highest point yesterday shortly after 11 PM GMT, but 2.3 pips is the most you should have been charged.
I’m Jessica Walker and that’s all for Thursday’s Main Spike Controller. Check back in for the hourly updates.
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