Sterling continues to slide as Brexit nears

The British pound fell against most major currencies on Friday, as the deadline for the UK's exit from the European Union approaches.

President of the European Commission and his counterpart in the European Council signed the Brexit agreement, to be presented to the EU Parliament before January 29.

European Commission President, Ursula von der Leyen, confirmed that the agreement was signed, which marks the end of a period that was full of uncertainty and turmoil between Brussels and Britain since the June 2016 referendum.

The United Kingdom will officially implement the Brexit by the end of January, and will enter a transitional period until December 31 2020.

Queen Elizabeth II formally signed today the Brexit bill, and urged the government to take the necessary measures to conclude the exit.

At 20:46 GMT, GBP/USD fell by 0.3% to 1.3078, after hitting a day high of 1.311 and a low of 1.3058.