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The forex market runs 24 hours a day on weekdays across four sessions: Sydney, Tokyo, London and New York. For a UK trader, the London session is the centre of gravity, and the London to New York overlap in the afternoon is the highest-liquidity, tightest-spread window of the day.
The four sessions in UK time
Each financial centre opens on its own local clock, so the UK time of a session depends on both the UK daylight saving switch and the overseas one, and the winter column is not simply the summer column minus an hour. Sydney opens late evening UK time, Tokyo just after midnight, London at 8am, and New York at about 1pm. London opens at 08:00 local time all year, so 08:00 BST in summer and 08:00 GMT in winter, and New York’s 8am open lands at about 13:00 on the UK clock in both seasons, because the US and UK move their clocks together apart from a few mismatch weeks. Sydney is the awkward one, because its daylight saving runs opposite to ours, so its open drifts between roughly 20:00 and 22:00 UK time across the year. London is the single largest FX centre, so the market’s deepest liquidity sits inside UK working hours, which is a structural advantage for a UK-based trader.
| Session | Opens (UK summer, BST) | Opens (UK winter, GMT) |
|---|---|---|
| Sydney | 22:00 | 20:00 (Sydney on daylight saving in the UK winter) |
| Tokyo | 01:00 | 00:00 |
| London | 08:00 | 08:00 (opens 8am local time year-round) |
| New York | 13:00 | 13:00 (opens 8am local time year-round) |
Sessions anchor to each centre’s local time, so UK-clock times shift with both UK and overseas daylight saving. The conversions above use standard session conventions, checked July 2026, and some sources place the Tokyo open at 00:00 UK time in summer. Times can differ by an hour for a few weeks around the clock changes, which never land on the same date worldwide.
The London to New York overlap
From roughly 1pm to 5pm on the UK clock, in summer and winter alike, London and New York trade at the same time, and this overlap carries the heaviest volume of the day. Spreads are tightest and price moves cleanest in this window, especially on GBP and EUR pairs. Major UK and US economic releases land around this period, which adds both opportunity and volatility. Because spreads tighten hardest in this window, it is the best time to compare lowest spread forex brokers in a live session.
Why it matters for a UK trader
Trading the London open and the afternoon overlap means trading when liquidity is highest and spreads narrowest. Quiet hours, such as late evening after New York closes, carry wider spreads and choppier moves, which raises cost and slippage. Matching your trading window to the session that suits your pairs is a simple way to reduce avoidable cost. A broker with strong execution in London hours is worth checking against best forex brokers UK before committing to one.
Common mistakes
Trading thin overnight hours widens spreads and slippage for no added edge. Ignoring session overlaps misses the cleanest moves of the day. Forgetting the BST to GMT switch throws session timing out by an hour twice a year, and UK clocks change on the last Sundays of March and October. The market also closes across the weekend, and a stop-loss order does not protect against the price gaps that can open when trading resumes on Sunday evening. Checking a broker’s execution quality during quiet hours against FCA-regulated broker reviews avoids nasty slippage surprises.
FAQs
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About the author
Justin Grossbard is the co-founder and head of research at CompareForexBrokers. He has traded forex since 1998, leads UK broker research and has personally reviewed every FCA-regulated broker on this site. His work has appeared in Forbes, Kiplinger and Finance Magnates, and he holds a Bachelor of Commerce (Honours) and a Master's in Marketing.