UK Data Bumps Spreads for GBP/USD [Video]

Dukascopy Bank Team Dukascopy Bank SA

It's time for another edition of the Dukascopy Spike Controller, where we take a closer look at the spread levels for the 3 non-cross majors. Euro/Dollar's daily average spread is point 3 pips and maximum separation has been 1.1 pips. The pair has returned above the 1.13 level as it gained point 61 percent or 69 pips in an uptrend that lasted during most of the past 24 hours. Spreads have been relatively calm and the max separation of 1.1 pips took place yesterday at 11 PM GMT. Moving on to the Cable, long term average spread is point 85 pips. Peak separation has been 3.9 pips and both of the sides were 3.5 pips during the past hour. Pound/Dollar rose towards the 1.30 level as it gained a total of point 68 percent or 87 pips. The peak spread of 3.9 pips took place yesterday at 11 PM GMT and both of the sides were 3.5 pips apart today during the UK data run at 9:30 AM. And last up is the Dollar/Yen, which has long term average and maximum spreads of point 47 and 1 pip respectively. The pair rose further above the 110 level as it gained a total of point 39 percent or 43 pips. No major separations have been recorded for this pair and 1 pip is the most you should have been charged.

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Dukascopy Bank Team

Dukascopy Bank SA

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