Alessio Rastani, Trader at LeadingTrader, took note of the bearish developments on major UK property stocks – Savills (LON:SVS) and Foxtons PLC (LON:FOXT). Both the shares signal a major turnaround in the property sector, Rastani said.
Coming to GBP and Brexit, Rastani said viewers could have a look at the GBP/AUD chart since the technical Elliot wave count indicates a possibility of a minor pull back followed by a drop to 1.80 levels. The pair is highly volatile, added Rastani and said viewers should observe caution.