City Index has reduced its spreads across a wide range of FX pairs, with AUD/USD, EUR/USD and USD/JPY now to be priced from 0.5 pts and GBP/USD from 0.8 pts.

The move signals a shift from fixed to variable spreads in a change that promises to offer traders better value than ever before.
 
"Our decision to tighten our spreads on major FX pairs highlights our continuing commitment to delivering the best possible value to our traders," says Samantha Roady, president of retail at Gain Capital, parent company of City Index. "Moving our FX spreads to variable allows us to better reflect available market liquidity, while lowering the overall cost of trading for our clients."