The Pound Sterling (GBP) faces slight selling pressure against its major currency peers after the release of the United Kingdom (UK) Consumer Price Index (CPI) data for March. The British currency drops to near 1.3518 against the US Dollar (USD), but still holds little gains.

United Kingdom Producer Price Index - Input (YoY) n.s.a up to 5.4% in March from previous 0.5%

United Kingdom Core Consumer Price Index (YoY) came in at 3.1%, below expectations (3.2%) in March

United Kingdom Retail Price Index (MoM) came in at 0.8%, above expectations (0.7%) in March

United Kingdom Producer Price Index - Output (YoY) n.s.a up to 2.6% in March from previous 1.7%

United Kingdom Producer Price Index - Output (MoM) n.s.a below expectations (1%) in March: Actual (0.9%)

United Kingdom Producer Price Index - Input (MoM) n.s.a above expectations (2.8%) in March: Actual (4.4%)

United Kingdom Retail Price Index (YoY) above expectations (3.9%) in March: Actual (4.1%)

United Kingdom Consumer Price Index (YoY) in line with expectations (3.3%) in March

United Kingdom Consumer Price Index (MoM) came in at 0.7%, above forecasts (0.6%) in March

Pi Network (PI) is trading around $0.1700 at press time on Wednesday, reflecting a broader retracement within a falling channel pattern. The launch of smart contracts on the Pi Testnet under a subscription model marks functionality-focused expansion through consistent protocol upgrades. 

The Indian Rupee (INR) weakens further against the US Dollar (USD) on Wednesday, extending its losing streak for the third trading day.

EUR/GBP extends its losses for the second successive day, trading around 0.8690 during the Asian hours on Wednesday. The currency cross remains subdued ahead of the United Kingdom’s (UK) March Consumer Price Index (CPI) data release.

The European Central Bank (ECB) Governing Council member Martins Kazaks said on Wednesday that the central bank has ‘luxury’ to wait on interest rate rises.

The United Kingdom Maritime Trade Operations (UKMTO) said on Wednesday that it has received a report of an incident 15 nautical miles northeast of Oman, where the master of a container ship reported being approached by an IRGC gunboat.

The AUD/JPY cross gains momentum to around 114.05 during the early European session on Wednesday. The Australian Dollar (AUD) edges higher against the Japanese Yen (JPY) on a hawkish tone from the Reserve Bank of Australia (RBA). 

Cosmos Hub (ATOM) price extends its gains, trading above $1.89 on Wednesday, rallying nearly 8% so far this week as Bitcoin’s (BTC) surge toward $77,500 supports broader crypto strength.

EUR/USD remains subdued for the second consecutive day, trading around 1.1740 during the Asian hours on Wednesday. The pair holds little losses as the US Dollar (USD) gains ground on increased market caution amid ongoing uncertainty surrounding the Middle East conflict.

The USD/CAD pair fails to capitalize on the previous day's modest recovery from the 1.3630 region, or its lowest level since March 13, and remains on the back foot during the Asian session on Wednesday.

Gold prices rose in India on Wednesday, according to data compiled by FXStreet.

Letitia James filed lawsuits against Coinbase and Gemini on Tuesday, alleging the companies operated unlicensed prediction markets that facilitated illegal gambling under New York law.

Netherlands, The Consumer Confidence Adj dipped from previous -30 to -44 in April

The AUD/USD pair trades in positive territory near 0.7160 during the Asian trading hours on Wednesday. However, the potential upside for the pair might be limited amid uncertainty regarding Iran's participation in further peace talks. 

Cardano (ADA) extends gains above $0.2500 at press time on Wednesday, for the third consecutive day so far this week. Retail demand for ADA is heating up amid a buildup in the futures market positions.

The GBP/JPY cross trades with a positive bias for the third straight day and touches a fresh weekly top, around the 215.35-215.40 region during the Asian session on Wednesday.

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) continue to extend gains on Wednesday despite lingering uncertainty surrounding the second round of US-Iran peace talks.

Asian equities perform mixed amid uncertainty over US–Iran peace talks. US Vice President JD Vance canceled his visit to Islamabad after Tehran declined talks via Pakistan.