The post GBP/USD attracts sellers for the third straight day appeared on BitcoinEthereumNews.com. GBP/USD Price Forecast: Slides below mid-1.3400s, over one-week low ahead of UK CPI The GBP/USD pair drifts lower for the third consecutive day on Wednesday – also marking the fourth day of a negative move in the previous five – and drops to an over one-week low during the Asian session. Spot prices currently trade around the 1.3475 region, down 0.10% for the day amid some follow-through US Dollar (USD) buying and ahead of the UK consumer inflation figures. From a technical perspective, last week’s failure ahead of the 1.3600 mark constituted the formation of a bearish double-top chart pattern. A subsequent fall below the 23.6% Fibonacci retracement level of the recent rally from the 1.3140 area, or the lowest level since mid-April, touched earlier this month, backs the case for further losses. However, positive oscillators on the daily chart warrant some caution. Read more… GBP/USD eases ahead of bloated data docket GBP/USD eased lower on Tuesday, edging back below 1.3500 as Cable traders await a reason to make a move. The trading week opened up with little of note on the economic data docket, leaving markets to react to headline flows that remained constrained. All of that changes beginning on Wednesday. The United Kingdom’s (UK) latest Consumer Price Index (CPI) inflation figures will be released during the upcoming London market session, followed by the latest interest rate decision meeting minutes from the Federal Reserve (Fed) during the New York market hours. Read more… GBP/USD holds near 1.3500 as ceasefire hopes offset Fed, UK CPI risks GBP/USD holds firm at around 1.3500 on Tuesday amid reports of a possible end to the war between Ukraine and Russia. At the same time, traders await inflation data in the United Kingdom (UK), the minutes of the Federal Reserve’s (Fed) July meeting and the Fed Chair Jerome… The post GBP/USD attracts sellers for the third straight day appeared on BitcoinEthereumNews.com. GBP/USD Price Forecast: Slides below mid-1.3400s, over one-week low ahead of UK CPI The GBP/USD pair drifts lower for the third consecutive day on Wednesday – also marking the fourth day of a negative move in the previous five – and drops to an over one-week low during the Asian session. Spot prices currently trade around the 1.3475 region, down 0.10% for the day amid some follow-through US Dollar (USD) buying and ahead of the UK consumer inflation figures. From a technical perspective, last week’s failure ahead of the 1.3600 mark constituted the formation of a bearish double-top chart pattern. A subsequent fall below the 23.6% Fibonacci retracement level of the recent rally from the 1.3140 area, or the lowest level since mid-April, touched earlier this month, backs the case for further losses. However, positive oscillators on the daily chart warrant some caution. Read more… GBP/USD eases ahead of bloated data docket GBP/USD eased lower on Tuesday, edging back below 1.3500 as Cable traders await a reason to make a move. The trading week opened up with little of note on the economic data docket, leaving markets to react to headline flows that remained constrained. All of that changes beginning on Wednesday. The United Kingdom’s (UK) latest Consumer Price Index (CPI) inflation figures will be released during the upcoming London market session, followed by the latest interest rate decision meeting minutes from the Federal Reserve (Fed) during the New York market hours. Read more… GBP/USD holds near 1.3500 as ceasefire hopes offset Fed, UK CPI risks GBP/USD holds firm at around 1.3500 on Tuesday amid reports of a possible end to the war between Ukraine and Russia. At the same time, traders await inflation data in the United Kingdom (UK), the minutes of the Federal Reserve’s (Fed) July meeting and the Fed Chair Jerome…

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more