Past 24 hours have been volatile on the FX markets, so let’s see if this reflects in any way on the interbank spread stats. Euro/Dollar’s long term average spread is point 33 pips and maximum separation has been 2.2 pips. The pair has plummeted by a massive 1.52% or 176 pips to fall below the 1 15 level. Spreads were slightly bumpy today at 5:10 in the morning as the rate was moving sharply lower, but 2.2 pips is the biggest gap you should have seen. Next up is the Cable, which has a daily average spread of point 81 pips. Peak of 3 and a half pips was posted during the past 4 hours. Pound/Dollar took a slide as well and it’s down by a massive 1.37% or 177 pips as it broke through the 1 28 level. The high importance UK GDP was released today at 8:30 in the morning and that’s the time of the peak daily spread, but anything far above the max of 3.5 pips should be questioned. And last up is the Dollar/Yen, which has long term average and maximum spreads of point 36 and 1.7 pips respectively. The pair moved South by a total of point 52% or 58 pips, moving towards the 110 level. US data run sent the spreads slightly higher yesterday at a half past noon GMT, but the peak separation was just 1.7 pips. I’m Jack Everitt and that’s all we have for Friday’s Spike Controller.
Past 24 hours have been volatile on the FX markets, so let’s see if this reflects in any way on the interbank spread stats.
Euro/Dollar’s long term average spread is point 33 pips and maximum separation has been 2.2 pips.
The pair has plummeted by a massive 1.52% or 176 pips to fall below the 1 15 level.
Spreads were slightly bumpy today at 5:10 in the morning as the rate was moving sharply lower, but 2.2 pips is the biggest gap you should have seen.
Next up is the Cable, which has a daily average spread of point 81 pips. Peak of 3 and a half pips was posted during the past 4 hours.
Pound/Dollar took a slide as well and it’s down by a massive 1.37% or 177 pips as it broke through the 1 28 level.
The high importance UK GDP was released today at 8:30 in the morning and that’s the time of the peak daily spread, but anything far above the max of 3.5 pips should be questioned.
And last up is the Dollar/Yen, which has long term average and maximum spreads of point 36 and 1.7 pips respectively.
The pair moved South by a total of point 52% or 58 pips, moving towards the 110 level.
US data run sent the spreads slightly higher yesterday at a half past noon GMT, but the peak separation was just 1.7 pips.
I’m Jack Everitt and that’s all we have for Friday’s Spike Controller.
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