G20 summit and trading risks

This year’s G20 summit will take place in Hamburg on 7-8 ^th July.

During the summit, speeches made by major political world leaders could lead to:

• Extreme volatility in the Forex market on Friday 7^th July
• Spreads widening considerably at the close of market on Friday and at the open on Monday
• Significant gaps as the market opens on Monday 10^th July

We advise caution when trading during the summit and particular care should be taken with open positions.

Here’s a brief summary of the summit’s schedule:

The first part of Friday will be devoted to the global economy and finance and the second part to climate change and energy. The participants will discuss the development of Green Economies and a Directive Agreement on climate change.