It’s a new trading month and you are in the right place to access the benchmark interbank price data. I`m Sinead MacLaughlin bringing you this primary Spike Controller.
Average spreads are below point 3 pips for the Euro/Dollar in all three time ranges. Daily peak is 2.4 pips.
Long term high and low difference of 64 pips was posted yesterday during a rise, but the rate has been moving lower from the high of 1 2635.
Spreads were elevated yesterday at 2 PM GMT as the US consumer confidence report was out, but you shouldn’t have seen a gap bigger than 2.4 pips.
Pound/Dollar’s mid and long term averages are both slightly above 1 pip. Spreads maxed out at 7.4 pips during the last 4 hours.
Trend has shifted a number of times for the Pound/Dollar and the biggest move has been a decline of point 43% or 69 pips.
UK Manuacturing PMI was out today at 8:30 in the morning and that’s the time of the peak daily spread.
Both of the sides separated during a decline, but make sure you haven’t been charged more than 7.4 pips.
And wrapping up this report is Dollar/Yen, which has long term average and maximum spreads of point 3 and 2.2 pips respectively.
This instrument hit the daily high at just slightly above 110 for the first time since 2008 after gaining point 55% or 60 pips, but it did retreat afterwards.
Spreads were volatile yesterday at 2 PM GMT as the US consumer confidence was released, but anything far above the max of 2.2 pips shouldn’t be tolerated.
This was the main Spike Controller for Wednesday. If you are in doubt about any of your trades, click back for the hourly updates.

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