Another 24-hours of trading gone by, and we’re once again reporting on the benchmark interbank spreads to make sure you can measure your broker’s appetite.
Euro/Dollar’s long term average spread is point 28 pips and peak of 1.3 pips was posted less than 4 hours ago.
Brief visit above the 1 17 level was followed by a decline of point 85% or 99 pips as the pair hit the low of 1 1613.
Despite the dramatic shifts in the exchange rate, both of the sides have managed to stay relatively close at all times, separating by maximum of 1.3 pips today at 8:24 AM.
The Cable’s daily average spread is point 69 pips and both of the sides were 3.7 pips apart during the past 4 hours.
Pound/Dollar shot up yesterday, but the pair has since given up point 64% or 84 pips as it hit the low of 1 30.
Spreads were elevated for a number of ticks today at 8:30 AM as the UK data was released, but 3.7 pips is the most you should have been charged.
And last up is the Dollar/Yen, which has long term average and maximum spreads of point 33 and 1.3 pips respectively.
Daily high and low difference is 78 pips and it was posted as the pair gained point 7%.
Spreads were at their highest point yesterday at 2 PM GMT as the US Consumer Confidence was released, but 1.3 pips is the line that shouldn’t have been crossed.
I’m Kiays Khalil and that’s it for Wednesday’s Dukascopy Spike Controller report. Goodbye for now.

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