Employment figures from Down Under yesterday came in slightly better than forecast and it will come as no surprise to anyone who regularly follows the Aussie Dollar to know that the currency is still going from strength to strength.
The figures showed that the number of those in work increased by 35,000 against an expected figure of 10,000 - significantly increasing the likelihood of an interest rate increase at their February meeting.
The Aussie Dollar gained 0.7% against Sterling by close of business yesterday and is up another 0.55% already today.
A currency who's countries interest rates look like they are about to increase will generally strengthen against economies who's interest rates are stable or falling so over the next few weeks we could continue to see gains for the Australian Dollar over Sterling, to make sure you are in a position to take advantage of this opportunity take 5 minutes to open a free no obligation trading account with Foreign Currency Direct plc by clicking here
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