Amid raw between China and the UK over the Tory government’s U-turn on Huawei, The Times came out with the news suggesting further hardships for the Asian major’s tech company. Key quotes The UK is pursuing forming an alliance of 10 democracies to create an alternative pool of suppliers of 5G equipment and other technologies to avoid relying on China. The British government has approached Washington about a ‘D10’ club of democratic partners, based on G7 plus Australia, South Korea and India. Last week, the Daily Telegraph reported that Prime Minister Boris Johnson was planning to reduce Chinese telecoms equipment maker Huawei Technologies Co Ltd’s involvement in Britain’s 5G network. FX implications The news is likely to add strain between the UK and Chinese relations, which in turn could weigh on the market’s risk-tone. However, no major reaction could be witnessed on the immediate release of the news around early Friday morning in Asia. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next G20: 36 of 77 eligible countries have applied for suspension of official bilateral debt payments – Reuters FX Street 3 years Amid raw between China and the UK over the Tory government’s U-turn on Huawei, The Times came out with the news suggesting further hardships for the Asian major’s tech company. Key quotes The UK is pursuing forming an alliance of 10 democracies to create an alternative pool of suppliers of 5G equipment and other technologies to avoid relying on China. The British government has approached Washington about a ‘D10’ club of democratic partners, based on G7 plus Australia, South Korea and India. Last week, the Daily Telegraph reported that Prime Minister Boris Johnson was planning to reduce Chinese telecoms equipment… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
