The UK is open for Asian investors. The record-low UK bond yields make it possible to reconsider the purchases of these British assets.
Now the British authorities are anticipating a wave of bond purchases by Chinese investors. Moreover, the UK is having talks with China Investment Corporation about the possibility of selling Thames Water.
Japan is also willing to utilize the strength of its Yen to buy foreign assets. Japanese corporations are already buying Australian assets, thus making up for their losses.
Experts say the British Pound will be in demand despite the possibility of another QE program, low consumer confidence and high unemployment.
In the meantime, GBPUSD has finished forming wave A(C ) or shortened C of Weekly 2, thus triggering the bullish scenario given in the outlook for Jan 20th 2012. According to the Department of Masterforex-V Trading System , the uptrend will be confirmed as soon as the price consolidates above 1.5668. A break below the 1.5233 low will continue the long-term downtrend in the form of wave C(C ) of Weekly2.
