UK Data Elevated Spreads at 9:30 AM
December 5, 2018 11:03 amVideo
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Let’s find out if spreads have been shaken up during the past 24 hours.
All three averages are slightly above the point 3 pip mark for the Euro/Dollar. Peak separation has been 1.1 pips.
The pair has been on a slide from the high of 1 1417, dropping by point 88% or 100 pips.
Spreads were slightly elevated yesterday at 11 PM GMT, but the max separation was only 1.1 pips.
Moving on to the Cable, long term average stands at slightly more than 1 pip. Both of the sides were 2.6 pips apart yesterday and a separation of 2 and a half pips was posted during the past hour.
Pound/Dollar dropped yesterday by 1.38% or 177 pips to hit the daily low of 1 2658.
Spreads peaked at 2.6 pips yesterday at 11 PM GMT. Both of the sides were 2.5 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 3 and 1.7 pips respectively.
Greenback gained ground against the Yen, rising by a total of point 48% or 54 pips.
Spreads have been relatively calm over the past 24 hours and the max separation has been only 1.7 pips.
I’m Jack Everitt and that’s all for Wednesday’s Spike Controller report.
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