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(Corrects opening paragraph to show the low touched on Tuesday is below $1.21, not $1.20)
TOKYO, Oct 12 (Reuters) - The British pound jumped 0.8 percent to $1.2210 in early Asian trading on Wednesday, bouncing back from a low below $1.21 touched in late U.S. trade the previous day.
Some market players suspect sterling benefited from a report by Bloomberg that British Prime Minister Theresa May has accepted that Parliament should be allowed to vote on her plan for taking Britain out of the European Union. (Reporting by Hideyuki Sano and Wayne Cole; Editing by Chris Reese)