The UK government have ‘paused’ their Brexit bill, and so the EU must consider whether to grant an extension to the Brexit deadline. EU Council President Donald Tusk said that he would recommend that EU leaders back an extension, but didn’t say how long for. The EU are likely to make their decision before the end of the week.
The latest Bank Lending Survey showed that bank lending standards fell a little in the last quarter, potentially providing some encouragement to people and businesses to borrow.
Today, we will see EU consumer confidence flash figures, expected to show a slight fall month on month, amid a climate of economic uncertainty. Thursday will see a much bigger release of data from Germany, as well as Mario Draghi’s final meeting as President of the ECB.
