UK Data Bumps Spreads for the Cable [Video]
|Euro/Dollar’s daily average spread is point 34 pips and peak separation has been 2.2 pips. Trend has been shifting for this pair and the biggest move was a decline of point 62% or 73 pips. Spreads were slightly bumpy yesterday shortly after the daily high was reached, but 2.2 pips is the biggest gap you should have seen. The Cable’s spreads have averaged at an equal point 75 pips during the past 4 and 24 hours. Both of the sides were 7.4 pips apart less than 4 hours ago. Pound/Dollar has been on a rise, gaining point 72% or 95 pips to hit the daily high of 1 3216. UK data run bumped the spreads for this pair today at 8:30 in the morning, but 7.4 pips is the most you should have been charged. And last up is the Dollar/Yen, which has long term average spread of point 29 pips. Daily max is point 9 pips. The pair rose above the 112 level as it gained a total of point 41% or 46 pips. Spreads have been mostly calm here for this pair, peaking at only point 9 pips less than 4 hours ago.
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