Sterling slips as investors await Brexit

The British pound edged lower against the US dollar on Monday, amid anticipation for the conclusion of the UK's exit from the European Union on January 31.

The British Prime Minister Boris Johnson government prepares to implement the Brexit, which will be followed by a transitional period until the end of this year.

While markets count on Johnson and his government to secure a trade deal with the European Union, to avoid the UK any repercussions from the Brexit.

The Bank of England will unveil its interest rate decision later this week, amid broad expectations to be kept unchanged at 0.75%.

Sterling fell under pressure earlier after BoE President Mark Carney signaled a coming rate cut.

At 21:35 GMT, GBP/USD fell by 0.1% to 1.3056, after hitting a day high of 1.3104 and a low of 1.3042.