The most recent polls showed that Conservative Party still has a good chance to win the general election on December 12th. The pound further dynamics will be affected by UK election news and polls.
The main scenario is a turn around in the market sentiment and a decline to 1.2800.
An alternative scenario is a return above the 1.2940 level.
Sell the pound towards 1.2800 if bears regain 1.2830.
Buy the GBP/USD pair to the resistance 1.3040 when the price breaks 1.2940.