Hello, I'm Sinead MacLaughlin and this is the main Spike Controller, providing you with the benchmark interbank price data for Friday.
Euro/Dollar’s spreads have averaged at point 28 pips during the last 24 hours, peaking at 3.6 pips yesterday.
The biggest move was a rise of 1.14% or 122 pips, but the rate has retreated from the daily high of 1 0830.
Last 24 hours have been busy with economic news releases and the maximum spread was recorded as the US jobless claims data was out.
Spreads were elevated for a number of ticks, but 3.6 pips is the line that shouldn’t have been crossed.
The Cable has a long term average of point 96 pips and peak separation has been 5.2 pips.
Pound/Dollar rose sharply by point 43% or 66 pips yesterday, but it has been mostly flat afterwards.
Spreads were elevated for a number of ticks yesterday as the US jobless claims were out, but make sure you haven’t been charged more than 5.2 pips.
And last up for this overview is the Dollar/Yen, which has long term average and maximum spreads of point 39 and 6.2 pips respectively.
This pair has declined by a total of point 46% or 56 pips, but it rose from the low of 122 50.
The US jobless claims report has had the most influence on the spreads for this pair as well, but anything far above the max of 6.2 pips should be questioned.
This concludes the primary Spike Controller for Friday. We'll be updating these stats on an hourly basis, so click back.
Comments