The GBP/USD pair is encountering a wave of selling during the Asian session on Wednesday. This decline is taking some of the shine off the weekly gains recorded over the past two days, pushing the pair down to the 1.3400 level. The intraday downward movement is primarily fueled by a modest recovery in the US Dollar (USD), pulling the spot prices below the mid-1.3300 range recently. Market participants should keep a close eye on upcoming economic data releases that may impact currency valuations. As the market adjusts to fresh information, volatility in the GBP/USD pair is expected to continue, highlighting the dynamic nature of the forex market.