The pound recorded a second consecutive loss against the dollar on Tuesday. The British currency continued negative momentum from the beginning of the week, but the decrease was not significant. If the bearish sentiment, however, become more intensive, the support at 1.2329 will be overcome soon. The session started at a price of 1.2484, while the pound lost 46 pips to the finish. The trend was volatile but ultimately the downward direction prevailed and the pair hit bottom at 1.2418.