This is not a financial advise it's just my point of view , before continuing make sure to like and follow
fundamentally:
Slowing growth and slower rate hikes to be a recipe for a weaker pound over time Should the BoE continue with less-hawkish actions, markets could reprice interest rates BoE tone down of the language on interest rates Downside risks mount for the UK amid surging cost of living crisis Bailey bails out the bears by promising modest hikes New health restrictions to trigger a downgrade to Q1 2022 growth forecasts Rates to rise, but less than markets feared Shortages in the UK economy begin to ‘bite’ in the manufacturing sector Britain to face a winter of discontent Supply-side issues are creating unwelcome price pressures A high risk that the labour market underperforms Supply is struggling to keep up, strong pricing pressures The UK recovery has paused
Technically :
clean macro time frames showing a downtrend scenario