The Wickham horse fair will take place in The Square on Monday 20, May where horses are bought and sold.
The fair is traditionally run by members of the travelling community who come from across the the country to trade the animals and parade them.
Hampshire Police has warned of the possible traffic disruption that will see several roads in Wickham closed from 5am until 8pm due to crowds and horses.
Permits have been given to residents to allow them to get to their homes through the closures.
Chief Inspector Andy Houghton said: "This event is steeped in history for Wickham and we have been working closely with Hampshire County Council, Winchester City Council, Wickham Parish Council and other agencies to help maintain a safe environment for visitors and residents to enjoy the day."
Three horses from the region are in preparation for the weekend's Grand National at Aintree.
Tatenen, whose stables are in Storrington in Sussex journeys for the racecourse later today to take part in the steeplechase. Berkshire-based horses Soll, and the Nicky Henderson trained - Roberto Goldback - will also feature in the horse racing event.
Essex Police has announced plans to scrap it's mounted section to save around £600,000.
The Force says due to cuts in funding from the Government and other financial pressures it has to save more than £42.2 million by 2014.
The mounted section consists of nine officers, eight horses and two other police staff.
If the move does go ahead the unit would go in September.
The Force says it's consulting with affected staff at the moment.
Police horses only returned to the streets of Essex in 2008 after an absence of nine years.
Thousands of people are expected to converge on Hickstead Showground in Sussex over the next few days as the British Showjumping Derby meeting starts today.
The Derby itself where riders tackle the famous bank will be held in the International arena on Sunday afternoon.
Traditional trades are returning to the countryside. Blacksmith Philip Grob, 27, from Hampshire., is doing a roaring trade. And, as Mel Bloor found out, he is encouraging other young people to join him.