Keep your broker on a short leash by watching Dukascopy Spike Controller. I’m Jessica Walker with the benchmark interbank price stats.
Spreads have averaged at point 29 pips during the past 24 hours, peaking at 2.7 pips yesterday.
Daily high and low difference of 66 pips was posted as the pair gained point 57%, but it has since retreated from the high of 1 1672.
Spreads were slightly up yesterday at 6 PM GMT during the US FOMC Monetary Policy Statement, but 2.7 pips is the biggest gap you should have seen.
Pound/Dollar’s long term average and maximum spreads are point 81 and 4.6 pips respectively.
The Cable has moved South in a couple of waves, losing a total of point 6% or 80 pips.
Spreads were at their highest during the FOMC statement here as well, but 4.6 pips is the line that shouldn’t have been crossed.
And last up is the Dollar/Yen, which has a long term average of point 32 pips. Peak separation has been 2.6 pips.
Long term volatility of 55 pips was posted as the pair declined by point 48%, but it has since recovered from the low of 113 73.
US ADP employment report has had the most pressure on the spreads here, but anything far above the max of 2.6 pips should be questioned.
That brings Thursday’s Spike Controller to an end. Goodbye for now.

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