GBP/USD is experiencing sustained selling pressure, sliding toward critical support levels as bearish momentum persists in the pair. The sterling's weakness reflects ongoing concerns about UK economic prospects and diverging monetary policy expectations between the Bank of England and Federal Reserve. Technical indicators suggest the pair is testing important support zones that could determine near-term direction. A break below current support levels would open the path for further declines, potentially targeting the next major support area. Traders are closely monitoring UK inflation data and BoE communications for potential catalysts that could reverse the current downtrend. The persistent selling pressure indicates strong USD demand relative to GBP, with market participants favoring the dollar's safe-haven appeal. Short-term resistance levels are capping any recovery attempts, maintaining the bearish technical structure intact.
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