Price failed to brake up to the previous level, now breaking down to lower level and potentially further.
Remember FED can hike rates a little higher and for longer than BoE, because USA tend to have 30 year mortgages and can handle it, whereas UK is short duration mortgages of 2~5 years and those high rates hurt a lot quicker.
Remember FED can hike rates a little higher and for longer than BoE, because USA tend to have 30 year mortgages and can handle it, whereas UK is short duration mortgages of 2~5 years and those high rates hurt a lot quicker.