Trump’s State Visit to the UK, Day 2: Brexit and Huawei on the Agenda?

On the second day of his state visit to the UK, US President Donald Trump is expected to discuss Brexit issues and Huawei.


On the second day of his state visit to the UK, US President Donald Trump is expected to discuss Brexit issues and also possibly ask the government to ban Huawei from installing 5G networks in the UK.

Even though PM May is set to resign by the end of this week, this state visit and meetings between her and Trump are aimed at celebrating UK’s special relationship with the US, and could improve trade relations and cooperation between the two countries on matter of security.

Huawei is expected to remain in focus as the UK government continues to rely on Huawei, at least partially, towards developing infrastructure for 5G networks in the country. The Trump administration has been pressuring allies of the US to avoid doing business with Huawei as it accuses the Chinese government of spying on countries and individuals using the company’s technology.

So far, Trump’s visit has failed to make any impact on GBP/USD which continues to trade bearish at around 1.266 over Brexit uncertainties.

ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

Related Articles

Comments

0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

HFM

Doo Prime

XM

Best Forex Brokers