ECB President LAGARDE said she stepped down early to be able to speak freely on non-monetary policy matters.

Bank of England data: UK consumer credit in September £1.914bn, below £2.15bn expected; August revised up to £2.683bn from £2.464bn.

i24NEWS reports Qatar is awaiting Tehran’s response to a new proposal; Iran could reply as early as Thursday, two regional diplomats said. Under the current draft, Iran would take concrete steps on its nuclear program in exchange for the US easing some sanctions and unfreezing funds. Measures under consideration include restoring IAEA inspectors’ access to Iranian nuclear sites. Talks remain stalled on sequencing: Iran wants sanctions relief before nuclear discussions, while the Trump administration insists Iran must take nuclear actions in the first phase. A US senior official told i24NEWS: "The US will under no circumstances attack Iran before the midterm elections."