UK politics headlines sent the pound downwards. The recent polls showed that Labour party narrowed the gap with the Conservatives.
The main scenario is a decline to 1.2760.
An alternative scenario assumes a growth to the 1.2940 area.
Sell the pound towards 1.2760 if the rate overcomes 1.2820 handle.
If the Cable returns above 1.2850, the tone would favor further gains towards 1.2940.