Bumpy Spreads for GBP/USD
January 22, 2019 10:41 amVideo
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Hello, you’re watching the Dukascopy Spike Controller, providing you with the benchmark interbank price data for Tuesday.
Euro/Dollar’s daily average spread is point 45 pips and maximum separation has been 1.4 pips.
The past 24 hours have been bearishly calm as the pair has declined by a total of point 3 percent or 34 pips.
Spreads have been mostly narrow, peaking at only 1.4 pips yesterday shortly after 6 PM GMT.
Next up is the Cable, which has a daily average spread of slightly more than 1 pip. Peak separation has been 4.8 pips.
Pound/Dollar broke through the 1.29 level as it gained point 7 percent or 90 pips in a total of three sharp rises.
Spreads peaked at 4.8 pips yesterday shortly after 6 PM GMT and both of the sides were 2.7 pips apart today at 9:30 during the UK data run.
And last up is the Dollar/Yen, which has long term average and maximum spreads of point 46 and 1.6 pips respectively.
Hours of relatively calm rate movement were followed by a sharp decline today and the pair dropped by a total of point 35 percent or 38 pips.
Spreads have been mostly calm, peaking at 1.6 pips yesterday at 11 PM GMT.
I’m Kiays Khalil and these were the benchmark interbank price stats, so you could assess the fairness of your broker on this Tuesday.
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