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On Wednesday U.S. policymakers moved to pass legislation that would limit the president’s power to introduce import taxes for reasons of national security.

The Pound Sterling was trading higher against the Dollar and Euro on Wednesday after an initial knee jerk reaction to the rejection of Brexit-related amendments in the UK Parliament yesterday.

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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.

It’ll be a busy week for U.S. policymakers, as the Federal Reserve gears up for its first meeting of 2019 on January 29-30, and President Trump’s advisors continue to work to resolving issues that have caused the longest government shutdown in U.S. history.

This week will see some key activity, with central bank input from the U.S. Federal Reserve and U.S. Non-Farm Payrolls data due.

In early trade in Asia, the Pound Sterling rallied and struck a 2-month peak versus the US Dollar after it was reported that the Prime Minister’s Brexit deal has obtained the backing of the Democratic Unionist Party (DUP) of Northern Ireland.