GBP/USD Spreads Up [Video]
|Welcome traders to another Dukascopy spike controller. The place where you can check if your broker's price feed is fair. Euro/Dollar's daily average spread is point 3 pips and both of the sides were 2.4 pips apart during the past 4 hours. The pair rose yesterday, but it has since declined by point 45 percent or 51 pips. Spreads were slightly bumpy today at 7:13 in the morning as the rate hit the daily low, but 2.4 pips is the most you should have been charged. Moving on to the Cable, long term average and maximum spreads are point 9 and 6.2 pips respectively. Pound/Dollar broke through the 1.31 level yesterday after gaining point 75 percent, but most of the gains were given up afterwards. Spreads were above their usual level for a while yesterday at 11 PM GMT, but you should not have seen a gap bigger than 6.2 pips. And last up is the Dollar/Yen with a daily average spread of point 3 pips. Peak separation has been 1.2 pips. Rate movement has been calmer than usual and the high and low difference measures at only 32 pips. Spreads were slightly up yesterday at 7 PM GMT as the US FOMC Meeting Minutes were out, but 1.2 pips is the line that should not have been crossed.
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