Dollar dips as investors prepare for volatile markets ahead of new Brexit vote. However, they focus on Federal Reserve policy decision.

The bearish sentiment appeared to outweigh the possibility that turmoil in Venezuela may lead to tighter global supply.

The ECB left its policy stance unchanged as expected, keeping a rate hike later this year on the table. The fact that euro zone economy suffers its biggest slowdown in half a decade weighed.

As Brexit saga continues, the sterling rose above $1.3. Britain’s Labour said it was “highly likely” to back an attempt by lawmakers to prevent a disorderly no-deal Brexit.

Sterling edged off early lows but remained volatile as traders awaited a statement from Prime Minister Theresa May.