A quiet day on the data front. German consumer confidence released at 08:00 isexpected to fall slightly to 8.1 in October from 8.3 in September. German manufacturing has slowed considerably this year and there has been some spill-overto consumer confidence.
UK GDP for Q3 is expected to rise 0.7% q/q slowing a bit from 0.9% q/q in Q2. PMIand housing data generally point to a slowdown in manufacturing and the housingmarket, whereas service has held up well.
US new home sales are expected to fall 7.5% in September but this is mainly acorrection from a very strong rise in August of 18.0%. The trend in total home sales(existing and new) has been gradually higher over the past months.
No market movers out of Scandinavia today.
Read the full report: FX Daily