GBP/USD Slumps to Intra-Week Lows Amid Rejection at 1.3660 Resistance

The British pound has fallen to its lowest level this week against the US dollar after failing to break above the crucial 1.3660 resistance level.

This rejection, which marks a strong ceiling for GBP/USD, suggests that market participants are not yet willing to push the pound higher due to technical resistance and fundamental headwinds.

The pair is now testing key support zones, with a break below these levels potentially opening the door for further downside. On the other hand, a rebound would need to overcome the 1.3660 hurdle to shift the short-term outlook.