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Logistics, U.K. Trade and the Super 5G Network

How will 5G connectivity boost Britain's markets and logistics sector, and how might such networks underpin U.K.-U.S. trade strategies?
By Andre Gwilliam

How Might 5G Networks Underpin Trade Between the U.K. and the U.S.?
The decision to unroll 5G technology has also coincided with Donald Trump's state visit to the U.K., where a future trade deal between Britain and the U.S. was one of the main talking points. During his visit, the U.S. President spoke in overwhelmingly positive terms about the future trade between these two nations, suggesting they may be able to double or potentially triple the size of their deal once the U.K. has left the European Union.

Trump's reputation as a tough negotiator means these words must be taken with a grain of salt, of course, while the precise terms of trades and the conditions that may be imposed by the U.S. may not be entirely beneficial to the U.K. However, mere talk of a deal helped to boost the value of the GBP/USD pairing, although this has since come under further pressure ahead of the Bank of England's upcoming speech. Still, a strong and lucrative trade deal post-Brexit would boost the performance of the pound and potentially minimize losses should the U.K. leave the E.U. on no-deal terms.

There's no doubt that 5G connectivity would help the U.K. to cope with higher volumes of trade, while the additional application of RFID technology would also enable the tracking of international shipments in real time. RFID (short for radio frequency identification) is a technology that encodes live digital data and relays this through radio waves.

The Last Word
From a foreign exchange (forex) trading perspective, 5G connectivity could definitely provide a timely boost to the pound post-Brexit, and potentially influence strategies in the near-term. With high-frequency traders also able to leverage 5G networks and their incredible speeds when executing a high volume of orders, there's no doubt that this technology will have a significant bearing on the forex market in the coming months.

Andre Gwilliam is a freelance writer working toward a future aim of running his own writers company. He writes across a variety of subjects that are close to the heart of the U.K. economy, including property, investments, business logistics and market trends. He has been writing for the past three years, having graduated with a degree in English literature and creative writing. Andre is open to collaborations to benefit his growing portfolio.

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