Let’s find out if economic news releases have influenced spread levels during the last 24 hours.
Euro/Dollar’s spreads have averaged below the point 2 pip mark during the last 24 hours, peaking at 1 pip during the last 4 hours.
Single currency has been on a rise against the Buck, gaining almost 1% or 111 pips to reach the high of 1 1277.
Spreads have been calm, despite the volatile rate movement, not exceeding 1 pip.
Spreads have averaged at point 87 pips during the last 24 hours for the Cable. Both of the sides separated by 3.7 pips during the last 4 hours.
Pound/Dollar rose sharply, gaining 1% or 129 pips to hit the high of almost 1 30.
It was busy with news reports regarding the UK economy today at 8:30 in the morning, so let’s see what happened.
Both of the sides stayed separated for a number of ticks, but 3.7 pips is the most you should have been charged.
Last up for this overview is the Dollar/Yen, which has long term average and maximum spreads of point 36 and 1.4 pips respectively.
Buck has dropped against the Yen by more than 1% or 121 pips as the pair headed towards the 100 level.
Spreads have been generally calm, not exceeding 1.4 pips, despite the volatile rate movement.
I’m _________ and that concludes Tuesday’s Main Spike Controller. Check back throughout the day for the latest data.
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