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What forex pairs move during london session?

The London session is known for its high volatility and liquidity in the forex market. It is the second largest forex trading session, after the New York session, and is known for its impact on forex pairs.

Forex pairs that move during the London session are typically those that involve the British pound (GBP), Euro (EUR), and the US dollar (USD). These pairs are highly traded during this session as traders and investors react to news and economic data releases from the UK and Europe.

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Here are the forex pairs that are most active and move during the London session:

1. GBP/USD

The GBP/USD pair, also known as the “cable,” is the most traded forex pair during the London session. This pair is highly sensitive to news and economic data releases from the UK and the US. The Bank of England (BoE) and the Federal Reserve (Fed) often release economic data during this session that can cause significant price movements in the GBP/USD pair.

2. EUR/USD

The EUR/USD pair is the second most traded forex pair during the London session. This pair is highly sensitive to news and economic data releases from the Eurozone and the US. The European Central Bank (ECB) releases economic data during this session that can cause significant price movements in the EUR/USD pair.

3. GBP/EUR

The GBP/EUR pair is also highly traded during the London session. This pair is sensitive to news and economic data releases from the UK and the Eurozone. The Bank of England and the European Central Bank release economic data during this session that can cause significant price movements in the GBP/EUR pair.

4. GBP/JPY

The GBP/JPY pair, also known as the “guppy,” is highly traded during the London session. This pair is sensitive to news and economic data releases from the UK and Japan. The Bank of England and the Bank of Japan release economic data during this session that can cause significant price movements in the GBP/JPY pair.

5. EUR/JPY

The EUR/JPY pair is also highly traded during the London session. This pair is sensitive to news and economic data releases from the Eurozone and Japan. The European Central Bank and the Bank of Japan release economic data during this session that can cause significant price movements in the EUR/JPY pair.

In addition to these major forex pairs, other currency pairs that are traded during the London session include AUD/USD, USD/CAD, and USD/CHF.

It is important to note that not all forex pairs move during the London session. Some pairs, such as the USD/HKD and the USD/CNH, are not impacted by the London session due to their low trading volumes.

The London session typically begins at 8:00 am GMT and ends at 4:00 pm GMT. During this time, traders and investors closely monitor economic data releases and news events from the UK and Europe in order to make informed trading decisions.

In conclusion, forex pairs that move during the London session are typically those that involve the British pound, Euro, and US dollar. Traders and investors closely monitor economic data releases and news events from the UK and Europe in order to make informed trading decisions. The London session is known for its high volatility and liquidity, making it an important time for forex trading.

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