large spreads at IBFX at closing

Hi all,

At closing these were the spreads at IBFX:

EURUSD: 5
GBPUSD: 29
AUDUSD:14
GBPJPY: 35

Did the other brokers do this also?
Will it continue next week?

Any thoughts appreciated.

Alex

well there spreads are padded but yes spreads were very high and yes this will probably continue as long as we are in a credit crunch

Isn't this perfect reason to just stay on the sidelines?

thank you for your replies, yes it seems a good idea to stay out

They made an announcement about changing their Swap Rates at 16:46 PM 10-3-08. There was large volatility in the GBPUSD pair just before I got the announcement.

Screenshot Attached.

Chuck