GBP/USD Spreads Up to 4.4 @9:30AM [Video]
|Euro/Dollar’s daily average spread is point 32 pips and maximum separation has been 1.4 pips. The pair has been on a rise from yesterday’s low to gain point 49 percent or 56 pips. The daily high was hit just pips above the 1.14 level. Spreads have been mostly calm during the past 24 hours, peaking at only 1.4 pips during the past hour. The Cable’s long term average spread is slightly above the 1 pip mark. Maximum separation is 6.8 pips and both of the sides were 4.4 pips apart during the past hour. Trend has been changing for this pair and the biggest move is a decline of point 67 percent or 85 pips. Spreads peaked at 6.8 pips yesterday at 11 PM GMT and both of the sides separated by 4.4 pips today at 9:30 as the UK data was released. And last up is the Dollar/Yen, which has long term average and maximum spreads of point 3 and 1.1 pips respectively. The rate movement has been relatively slow for this pair, daily high and low difference is 44 pips. Spreads have been as calm as the rate movement and the peak of just 1.1 pips took place yesterday at 11 PM GMT.
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