Spike Controller

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