GBP/USD Slumps to Fresh Intra-Week Lows Amid Persistent Selling Pressure

The GBP/USD pair has fallen to fresh intra-week lows after failing to break above the 1.3660 resistance level, indicating persistent selling pressure in the British pound against the US dollar.

This rejection suggests that market participants are not yet willing to push the pound higher, likely due to a combination of technical resistance and fundamental headwinds.

The technical indicators point to weakening momentum, with the pair now testing key support zones. A break below these levels could open the door for further downside, while a rebound would need to overcome the 1.3660 hurdle to shift the short-term outlook.