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?
New reports seem to corroborate early South African data showing that the Omicron variant produces less severe symptoms than previous coronavirus strains. Although health experts are worried that the benefits of this are negated by the greater transmissibility of Omicron, markets took a more optimistic view.
Positive US data towards the end of the week only added to the positive market mood. US initial jobless claims dropped, holding close to a 52-year low hit in early December, suggesting the robust recovery in the US labour market continues.
Looking ahead, more strong employment data this week could help to boost the US dollar. First the ADP employment change figures on Wednesday and then the non-farm payrolls and unemployment rate on Friday are all forecast to show strong results.
Positive data could feed into expectations of a Federal Reserve rate hike early this year, and USD investors will also be looking closely at the latest meeting minutes from the Federal Open Market Committee (FOMC), which will be published on Wednesday evening.
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)