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Oil markets were higher on Wednesday afternoon in Asia, as traders faced concerns about supply disruptions after the United States implemented fresh sanctions on Venezuela’s oil industry.

The Pound Sterling is holding off the recently struck peaks against both the US Dollar and the Euro as traders await today’s crucial Brexit vote in Parliament.

All major Asian stock indexes were trading lower on Tuesday, following a down day on Wall Street that was prompted by turbulence in both the U.S. and Chinese markets.

The Pound Sterling was under pressure during London trade today after posting the largest single week’s gain in more than a year last year.