There are two main events this week which will likely drive Forex flows. The first is another vote on the Brexit Withdraw Bill on Tuesday and the second is the Federal Open Market Committee (FOMC) Statement on Wednesday.
This Tuesday will be the third vote on the Withdraw Bill. The Bill, in its current form, has been voted down twice. It’s never a good idea to underestimate a politician’s ability to back-flip on a policy decision. Even with this in mind, it’s difficult to predict with any certainty how this piece of legislation could be approved after being rejected twice before.