Let’s see if news events have influenced the spread levels on this Thursday.
Euro/Dollar’s long term average spread is point 34 pips and peak separation has been a single pip.
The pair has dropped by a total of 92 pips or point 79% as it hit the daily low just pips above the 1 15 level.
Despite the volatile rate movement, spreads have been relatively calm, peaking at just 1 pip yesterday shortly after 6 PM GMT.
Next up is the Cable, which has a daily average of point 85 pips. Maximum separation has been 1.7 pips.
Pound/Dollar dropped by a total of point 88% or 116 pips to hit the daily low just a couple of pips above the 1 31 level.
Spreads were up to 1.7 pips yesterday as US Existing Home Sales were out and both of the sides separated by 1.4 pips today during the release of the UK Public Sector Finances.
And last up is the Dollar/Yen, which has long term average and maximum spreads of point 35 and point 9 pips respectively.
The pair rose above the 110 level as it gained point 74% or 81 pips.
Spreads have been relatively calm here, peaking at point 9 pips yesterday at 2 PM GMT.
I’m Jack Everitt and that’s it for the 10 o’clock Spike Controller report. Goodbye for now.

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