GBP/USD Extends Losing Streak to Five Sessions Amid Persistent Selling

GBP/USD has entered its fifth consecutive day of decline, reflecting sustained bearish momentum as the British pound faces mounting selling pressure against a broadly stronger US dollar. The prolonged slide underscores deteriorating sentiment toward sterling, driven by a combination of dollar strength fueled by geopolitical risk premiums and lingering concerns over the UK economic outlook. The five-day losing streak suggests that sellers remain firmly in control, with each successive session failing to produce a meaningful bounce. From a technical standpoint, the persistent downside movement is approaching key support zones, and traders are watching for signs of either capitulation or stabilization. The relative strength index may be nearing oversold territory, which could attract short-term bargain hunters, though the prevailing trend remains decisively bearish. Upcoming UK economic releases and Bank of England commentary will be pivotal in determining whether the pound can find a floor. Traders holding short positions may consider tightening stops near established support levels, while fresh sellers should be cautious of a potential technical rebound after five days of uninterrupted losses.