Let’s find out what have been the average and maximum spread levels for the three non-cross majors on the last trading day of August.
Euro/Dollar’s long term average spread is point 22 pips and max separation has been 1.7 pips.
The pair has been trending South from the high of 1 1177 by a total of point 42% or 47 pips.
Last 24 hours have been busy with economic news reports and US consumer confidence has had the most pressure on the spreads here, but the biggest gap was just 1.7 pips.
The Cable’s daily average spread is point 83 pips and peak separation has been 3.6 pips.
Pound/Dollar jumped today by a total of point 71% or 93 pips to reach the daily high of 1 3159.
US consumer confidence release has had the most pressure on the spreads here as well, but 3.6 pips is the most you should have been charged.
Last up is the Dollar/Yen, which has long term average and maximum spreads of point 33 and 2.3 pips respectively.
Greenback has been on a rise against the Yen, gaining more than 1% or 117 pips to hit the high of 103 34.
Both of the sides separated for a while yesterday as the US consumer confidence was released here as well, but 2.3 pips is the biggest separation you should have seen.
I’m Sam Meredith and that’s it for Wednesday’s main Spike Controller, but do stay tuned for hourly updates.
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