The Pound Sterling (GBP) has seen minor gains against the US Dollar (USD) in North America, but remains above the 1.2500 mark.

The pound gains against the US dollar due to positive economic data from China and hawkish comments from Bank of Japan Governor Kazuo Ueda, who predicts a change in statistics could end the BoJ’s ultra-loose monetary policy.

Catherine Mann, Bank of England’s MPC member, believes it’s too early for the BoE to stop its tightening cycle and would consider cutting rates if it overshoots.

Interest rate probabilities suggest a 79% chance of the BoE raising rates by 25 basis points, with money market futures predicting no further hikes in September.

The UK jobs report on Tuesday could impact the GBP/USD exchange rate, with a mixed forecast of a shrinking labour market and a slight increase in unemployment.

A New York Fed poll predicts inflation to reach 3.6% in one year, up from 3.5% in July. However, estimates for the next three years fall to 2.8%. Households face difficulties obtaining loans.

The US economic agenda predicts inflation increasing from July levels, except for a decrease in the core CPI, with the Federal Reserve potentially responding to positive surprises.

Although it crossed over the 200-day Moving Average and reversed its downward trend, the GBP/USD pair encountered resistance at 1.2590. The 200-DMA and 1.2400 figures could be seen if the price drops below 1.2500.

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