GBP/USD Resumes Downside After Testing Triangle Breakdown Zone

The British pound weakened against the US dollar on Wednesday, with GBP/USD dropping 0.38% to trade around 1.3150 in the European session. The pair resumed its downside move after testing the breakdown zone of a triangle pattern, according to technical analysis.

Selling pressure intensified as the US dollar outperformed amid hawkish comments from the Federal Reserve. Markets continue to digest the Fed's stance on interest rates, which is supporting the greenback at the expense of the pound.

No additional catalyst has emerged from the UK side, leaving sterling vulnerable to dollar strength. The pair now faces the risk of further declines if the breakdown zone holds as resistance.