Ray Attrill

Ray Attrill

Head of FX Strategy

“Ray has 30 years experience as an economist and market strategist, obtained in roles working in London, Sydney and New York.”

Ray Attrill is Head of FX Strategy within the Fixed income, Currencies and Commodities division of National Australia Bank.

In this role, he advises the bank’s dealing rooms and institutional and corporate clients on developments in global foreign exchange markets.

Ray has 30 years experience as an economist and market strategist, obtained in roles working in London, Sydney and New York. Prior to joining NAB in 2012, he held a similar role at BNP Paribas, based in New York.

He previously amassed considerable experience in research and strategy, being a joint founding partner for 4CAST limited, a leading independent economic and financial market research company. Prior to that, he worked for many years in senior roles at MMS International, also a leading on-line market research provider.

He holds both Master and Bachelor of Science degrees in economics from the London School of Economics.


The pound has risen again as negotiations continue into the night (again) over a Brexit deal.

The pound is riding higher on the back of optimism.

Even though trade talks are still going ahead between the US and China this week, what little hope of any sort of outcome, seems to be rapidly diminishing.

In the US the non-manufacturing ISM read came in a lot lower than expected.

The markets have reacted firmly to news from the RBA yesterday.

There’s rising expectation the RBA will cut interest rates at their next meeting.

Attacks on the world’s largest oil refinery has hit global supplies hard.

The ECB is to reintroduce quantitative easing.

US payrolls numbers disappointed a little on Friday and China’s trade numbers over the weekend demonstrated what impact the trade war is having.

In the US, the dollar, equities and bond yields have all risen on the news that China would rather talk than retaliate.

China’s official response to President Trump’s latest round of import tariffs sent markets into a spin on Friday.

Markit PMIs show US manufacturing has contracted, whilst in Europe it remains in a slump but hasn’t fallen as far as anticipated.

The markets retreated from yesterday’s optimism.

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