Will the London Exchange Be Open Monday, May 7th?

Hi:

According to FF calendar, there is a holiday in Britain
tomorrow. Will the London Exchange be open?

Thanks

I doubt it will be open on that date, as such a date does not exist. lol

WinterWhite ... Check with your broker for this answer.

Aiccia ... May 8th is 2 days away, this date does exist.

its not a monday though

Aiccia, I am still in weekend mode. Great catch on your part. Your correct, monday is the 7th, not the 8th.

I hope that you get many pips this week my friend.

i changed the title to "May 7th" LOL.

and yes, it is a holiday in UK...
http://en.wikipedia.org/wiki/UK_national_holidays

your broker will probably stay open, forex brokers usually only close on christmas and new years. other UK financial markets and the banks are closed though, so liquidity will be scarce.

btw, there is no "exchange" to open or close. forex has no exchange. its a bunch of banks sending money back and forth (ie decentralized). the UK banks will be closed for the holiday, but cable trading will still be taking place at other banks around the world. so the London session will still be active on monday, just the liquidity will be low since a lot of the major players are on holiday

Well maybe the dollar will be abit bullish then. It seems thats what happens when the USA has a holiday. its gets weak????????????

Never mind - Merlin cleared it up!

Winterwhite -

The following is the description of May Day in Britain, that can be found on the right side of the FF calendar page.

"United Kingdom banks and financial markets will be closed in observance of May Day. Low liquidity is expected for the London Forex session."

Thank you all for the replies. It is a slow day for sure.

Thanks again

The NY session added almost nothing today. Why so slow here when the holiday is over there?