FX Daily

* Today’s main economic release is US retail sales for September. The data were collected before the distortion from the government shutdown and political mess. We expect the core measure of retail sales to show healthy growth but the headline will be dragged down by a decline in gasoline prices and weak auto sales.

* We will also get the Conference Board’s measure of US consumer confidence for October. We expect the index to take a relatively steep dive, mirroring the University of Michigan’s measure, as the US political mess in October weighs on sentiment.

* Elsewhere, focus will be on UK credit statistics released this morning with September mortgage approvals and money supply growth the most interesting.

* There are no scheduled data releases in Scandinavia today.