Spread

EUR/USD

Hourly spread (pips)

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• In the recent market conditions, the average spread for EUR/USD is highest around New York close. This is similar to pre-COVID market conditions.
• For EUR/USD, we observe a flattening of the recent spread curve at around 16:00 GMT i.e. London fixing hour, with spread being more equally distributed across London trading hours during this recent period.
• In the recent period, the spread has generally tightened, relative to the COVID peak period.