08:00–17:00 UTC in winter, 07:00–16:00 UTC on summer time
London Session
London is the largest Forex hub globally — accounting for roughly 35% of all FX volume. EUR and GBP pairs dominate. The four-hour overlap with New York, from the US open until London closes, is the most liquid window of the day.
Open
08:00 UTC in winter, 07:00 UTC on summer time
Close
17:00 UTC in winter, 16:00 UTC on summer time
Daily briefing
07:30 UTC in winter, 06:30 UTC on summer time
Characteristics
- •Highest daily volatility — most range is set during London hours
- •EUR/USD, GBP/USD and EUR/GBP are the most-traded pairs
- •ECB policy and UK macro (CPI, BoE) trigger directional moves
- •London open often produces a stop-hunt of Asia range extremes before the real direction sets
Key events to watch
ECB statements, BoE decisions, Eurozone CPI/PMI, UK GDP, German IFO
Most active pairs
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