It’s time for Friday’s Main Spike Controller, where we’ll take a closer look at the average and peak spread levels over the last 24 hours.
Euro/Dollar has a daily average spread of point 26 pips and biggest gap has been 1.1 pips.
A couple of sharp declines have defined the long term volatility of 82 pips as the rate declined by point 73%.
It has been busy with economic news publications, but none of them match the time of the peak spread, both of the sides were 1.1 pips apart today at 12:55 in the morning.
The Cable’s spreads have averaged at point 9 pips during the last 24 hours, peaking at 3.6 pips.
Pound/Dollar moved South of the 1 30 level as the pair depreciated by a total of point 74% or almost 100 pips.
Both of the sides were 3.6 pips apart yesterday at a half past noon GMT during the US data run and UK GDP sent the spreads up to 3.2 pips today at 8:30.
Wrapping up this report is the Dollar/Yen, which has long term average and maximum spreads of point 4 and 3.9 pips respectively.
Last 24 hours have been bearish for this pair, it has declined by more than 1% or 109 pips.
US data run sent the spreads higher yesterday at a half past noon GMT, but 3.9 pips is the line that shouldn’t have been crossed.
I’m Sam Meredith and that’s the situation so far, but you may track the latest developments with the hourly updates.
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