Well I just saw the strangest thing I ever saw regarding spreads after the U.K retail sales numbers just now. I'm not going to list my broker since I'm new and that's against the rules, but I'll tell you it's an comish based ECN and not a market crook, er... I mean maker :-)
The bid on GBP/USD was higher than the ask for several moments. The EUR/USD and AUD/USD, then EUR/JPY last. It was several pips. I actually bought GBP/USD and thought well if I could flip it, why not! The spread corrected after my buy (because of?), and I was gettign ready to place a EUR/JPY order but those also corrected. Goof up at the broker? I would think the broker would match orders internally if nothing else. Has anyone seen this before?
The bid on GBP/USD was higher than the ask for several moments. The EUR/USD and AUD/USD, then EUR/JPY last. It was several pips. I actually bought GBP/USD and thought well if I could flip it, why not! The spread corrected after my buy (because of?), and I was gettign ready to place a EUR/JPY order but those also corrected. Goof up at the broker? I would think the broker would match orders internally if nothing else. Has anyone seen this before?