The British Pound Futures Contract Is for 62,500 Pounds

The British pound futures contract is for 62,500 pounds. The futures exchange rate today on the pound is $1.51 and later in 60 days goes up to $1.55. If you purchased futures contracts taking a long position to hedge against a rise in the British pound for a payment of 62,500 pounds in two months, how much would you gain or lose on the futures contract position?

A) Gain of $417
B) Gain of $2,500
C) Loss of $2,500