GBPUSD continues its ascent, trading near 1.2690 as of Wednesday morning in Asia. The Pound Sterling shows resilience as traders react to potential inflation data. Market expectations suggest less than a 20% chance of another interest rate cut by the Bank of England. Recent reports indicated that the central bank considers current rates as moderately restrictive. This sentiment supports the Pound, providing traders with potential opportunities. All eyes will be on the upcoming inflation readings.