# Rage within the machine: Brexit headline blizzard overloads FX algos

> 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.

- Date: 2019-04-04 · published 2019-04-04T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/59846-rage-within-the-machine-brexit-headline-blizzard-overloads-fx-algos
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Higher trading costs and erratic moves add volatility to sterling pricing, but the article gives no clear direction for the currency.

## Read by commodity

- GBPUSD: neutral

## Sources

- reuters.com: https://www.reuters.com/article/uk-sterling-trading-insight-idUSKCN1RG0IC/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.