EU FX I Currencies: Sterling rises before Brexit votes, dollar flat
Holly Ellyatt 2-3 minutes Euro notes and coins Danita Delimont | Getty Images Sterling rose on Tuesday before British lawmakers were scheduled to vote on whether to take a proposal off the table to leave the European Union without a deal, while the U.S. dollar was little changed ahead of a Federal Reserve two-year policy meeting. The euro, yen and other major currencies were locked in narrow trading ranges, with traders reluctant to take big positions due to uncertainty over the U.K. parliamentary vote. There were also clues from the U.S. central bank that it might pause from its current rate-hike campaign. Investors expect the Fed to adopt a more cautious stance, pressured by signs of a peak in U.S. corporate earnings and the threat of an economic slowdown both at home and globally. Fed policy makers convene Tuesday and are expected to release a policy statement on Wednesday at 2 p.m., followed by a press conference from Fed Chairm