Bank Holiday Weekend
Event Date: Monday, May 29, 2023
Event Time: 06:00 CET
Whit Monday Bank Holiday
Updated Sunday, May 28, 2023
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UK banks will be closed in observance of the Summer Bank Holiday. Banks facilitate the majority of foreign exchange volume. When they are closed the market is less liquid and speculators become a more dominant market influence. This can lead to both abnormally low and abnormally high volatility. Although, most Forex brokers remain open for every holiday except Christmas and New Year's Day.
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About Bank Holiday Weekend
| Most Forex brokers remain open for every holiday except Christmas and New Year's Day. Stock markets and banks have slightly different holiday schedules. Banks facilitate the majority of foreign exchange volume. When they are closed the market is less liquid and speculators become a more dominant market influence. This can lead to both abnormally low and abnormally high volatility. |
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