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Machine-driven FX trading systems are struggling with the volume of Brexit headlines, which has widened spreads on sterling. RBC's estimate of the average cost of trading a 10 million ticket in sterling rose to 2.9 pips from 1.9 pips in October.
Higher trading costs and erratic moves add volatility to sterling pricing, but the article gives no clear direction for the currency.
reuters.comSaikat ChatterjeeApr 4, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
