Sterling stumples ahead of Bank of England's decision

The British pound fell against the US dollar today, as the Brexit uncertainty continued, and ahead of the Bank of England's interest rate decision.

The British Prime Minister, Boris Johnson, met with Queen Elizabeth II today at the Buckingham Palace, to formally ask for permission to dissolve parliament and start campaign for the early elections on December 12th.

Johnson told reporters today "the will of the British people to exit the EU must be implemented as delaying it further damages the economy and the whole country."

The Prime Minister expressed his hopes that the early elections outcome will result in a strong parliament leading in implementing the Brexit without any further delays.

On the other hand, the Bank of England will unveil its interest rate decision tomorrow, which is widely expected to kept at unchanged 0.75%, after the decision the bank's President Mark Carney will hold a news conference for his remarks on monetary policy.

GBP/USD fell by 0.2% to 1.2856 as of 20:11 GMT, with an intraday high of 1.2898 and a low of 1.2843.