On the last Monday of August, the UK has Summer Bank Holiday. Because of this, IC Markets adjusts some of its trading assets as few markets will close at that time.
Summer Bank Holiday is a public holiday in 4 constituent countries, so schools, as well as most businesses, are closed. The summer bank holiday was first introduced in the Bank Holidays Act of 1871. Originally, this holiday was intended to give bank employees the opportunity to participate in and attend cricket matches.
Exactly one hundred years later, the Banking and Financial Dealings Act 1971 moved this bank holiday to the last Monday in August for England, Wales and Northern Ireland, while in Scotland it falls in early August.
The holiday marks the end of summer vacation for many who return to work or school in the fall. During the summer holidays, some people take trips or a short three-day weekend getaway. However, there are also those who take advantage of the day to fix the house or clean up.
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Thus, it is not surprising that most organizations, businesses, and schools are closed. Shops may open or close, according to local custom. Due to UK Summer Bank Holiday that takes place on Monday, 28th August, IC Markets has to change its trading schedule for a few assets:
All times mentioned above are platform time (GMT+3). For more information please visit the IC Markets website.