Year-round sunshine, stunning beaches, laid-back lifestyle. It’s easy to see why more than 1.2 million UK citizens call Australia home. With a shared language and culture, despite being almost 9000 miles way, makes the adjustment to Australia that much easier. But how easy is it to move to Australia?
As the headline inflation rate fell short of the Bank of England’s (BoE) 2% target once again the mood towards the pound naturally soured on Wednesday.
However, investors found fresh cause for confidence on the back of the latest UK retail sales figures, which showed a 6.2% surge on the year.
Although this significant uptick was at least partially due to the adverse weather conditions seen in the previous March GBP exchange rates still benefitted from the improvement.
April’s raft of CBI surveys could offer the pound further support in the days ahead, provided that the economy shows signs of continued resilience.
An uptick in industrial trends orders may encourage hopes that the sector is still shaking off recent anxiety over Brexit, even as stockpiling pressures ease.
Any rebound in the second quarter business optimism index could equally help to shore up the pound against its rivals this week.
Joining the corporate trading desk in 2007, Phil now over sees all of Currencies Direct’s corporate dealing activity. Having gained experience working with hundreds of businesses to optimise international payments processes and execute comprehensive risk management strategies, Phil currently works with a portfolio of corporate clients whilst managing Currencies Direct’s overall market exposure
Phil has FCA approval and has completed the Certificate in International Treasury Management (CertiTM)