US lawmakers seek to step up pressure on UK to reverse huawei 5G decisions – Reuters
|Reuters reports that members of the US Congress on Wednesday took another step to try to prod Britain to reverse its decision to allow China’s Huawei Technologies Co to build portions of the UK’s next generation 5G networks.
Republican senators Tom Cotton, Ted Cruz, Josh Hawley and Marco Rubio proposed legislation requiring the Committee on Foreign Investment in the United States to review Britain’s place on the foreign investment “whitelist,” which exempts some Australian, Canadian and UK companies from increased U.S. scrutiny of their foreign investments.
The British Embassy in Washington did not immediately comment.
FX implications
There is little to be taking into consideration at this precise time, considering the risks associated with the EU and UK trade negotiations, the coronavirus, the UK budget and the Bank of England all in view this month.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.