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Theresa May lost control of the Brexit departure date on Thursday as EU leaders agreed a short postponement despite an appeal for a three month delay from the British prime minister.
Second hand sales of homes in the States rebounded sharply last month, bolstered by lower mortgage rates, growing incomes and improved consumer confidence.
Britain's employers and unions have called on Theresa May to abandon her uncompromising stance and seek consensus to avoid a “reckless” no-deal Brexit, while European Union leaders convened to decide on her request for an extension.
Perhaps the most widely-followed regional manufacturing gauge in the US rebounded sharply in March, but according to economists continued to point to an ongoing slowdown.
The Monetary Policy Committee chose to stay put on policy, continuing to guide markets towards gradual hikes in Bank Rate, even as it noted how uncertainty around Brexit might be distorting the signals coming from recent economic data.
UK government borrowing fell to a 17-year low for the financial year so far, supporting improved official forecasts and giving the chancellor room to ease the strain on public services.
Theresa May's request for a short Article 50 delay got a cold shoulder from European Union counterparts on Wednesday, while Parliament held an emergency Brexit debate.
Theresa May on Wednesday told the House of Commons that she is "not prepared to delay Brexit any further than the 30 June" but reports leaking from the European Union suggested otherwise.
House prices rose at their slowest annual rate for nearly six years in January, official figures showed on Wednesday, dragged down by ongoing weakness in the London market.
Inflation held steady in February, official data showed on Wednesday, further fuelling expectations that the Bank of England will leave interest rates unchanged when it meets later this week.
Office stationary retail chain Office Outlet, formerly known as Staples, on Tuesday confirmed that it has fallen into administration, putting 1,200 jobs at risk.
Theresa May will write to European Council president Donald Tusk to request a delay to the Brexit deadline, Downing Street confirmed on Tuesday afternoon.
