The Bank of England Rocked the Cable’s Spreads
August 3, 2018 10:49 amVideo
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The weekend is just around the corner, but don’t let your guard down and keep checking your broker’s price feed with the Dukascopy Spike Controller.
Euro/Dollar’s long term average spread is point 34 pips and peak of a single pip took place during the past 4 hours.
The pair has moved South of the 1 16 level as it declined by point 6% or 70 pips.
Spreads have been relatively calm for this pair, peak of just 1 pip took place today at 6:43 AM and it lasted only a single tick.
The Cable’s daily average spread is point 83 pips and both of the sides were a massive 11.7 pips apart yesterday.
Pound/Dollar has declined below the 1 30 level as it dropped by more than 1% or 153 pips.
Spreads were volatile yesterday at 11 AM as the Bank of England released their monetary policy statement, but 11.7 pips is the line that shouldn’t have been crossed.
And last up is the Dollar/Yen, which has a daily average of point 64 pips. Max of 1.8 pips was posted during the past 4 hours.
Greenback rose against the Yen, gaining a half a percent or 56 pips to hit the daily high of 111 88.
Spreads were slightly elevated today at 8 o’clock in the morning, but the max separation was just 1.8 pips.
I’m Jack Everitt and that’s all we have for Friday’s Spike Controller.
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