(For a live blog on European stocks, type LIVE/ in an Eikon...

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Dec 7 (Reuters) - European shares slipped on Monday as rising tension between the United States and China sapped some appetite for risky assets, while Britain-based exporters outperformed as uncertainty over a Brexit trade deal battered the pound.

Germany's trade-sensitive DAX index .GDAXI and the pan-European STOXX 600 index .STOXX fell 0.1%.

Reuters exclusively reported that United States was preparing to impose sanctions on at least a dozen Chinese officials over their alleged role in Beijing's disqualification of elected opposition legislators in Hong Kong.

Banks .SX7P led declines in Europe, down 1.7% as yields on euro zone bonds fell.

London's FTSE 100 .FTSE , meanwhile, rose 0.2% with consumer and healthcare stocks leading gains. The pound GBP= took a beating as negotiators struggled to reach consensus on a post-Brexit trade deal.

British Prime Minister Boris Johnson and European Commission President Ursula von der Leyen are due to hold another call on Monday evening in the hope that stubborn differences over fishing rights in UK waters, fair competition and ways to solve future disputes will have narrowed by then.