GBP/USD drops to 1.3140 as UK GDP disappoints market expectations

GBP/USD has declined to 1.3140, pressured by weaker-than-expected UK GDP data that dampened sterling sentiment. The disappointing growth figures have raised concerns about the UK economic outlook, prompting traders to reduce pound exposure. The softer GDP reading suggests the Bank of England may have limited room to maintain its current monetary policy stance, potentially accelerating timeline expectations for rate cuts. Technical analysis shows the pair has broken below short-term support, with bearish momentum building as sellers take control. The 1.3140 level now acts as immediate resistance, while support is eyed at 1.3100 psychological level. Market participants are reassessing UK growth prospects following the data miss, with focus shifting to upcoming inflation and employment reports for further direction. The combination of weak economic data and technical selling pressure suggests near-term downside risks for cable, though oversold conditions could limit immediate declines.