Bank of England Haskel: Further increases in bank rates cannot be ruled out

Someone hawkish comments from BOE's Haskell

Bank of England Haskel is on the wire's saying:

Further increases in the bank rate cannot be ruled out.
He prefers to lean against the risks of inflation momentum.
Despite current difficult circumstances, embedded inflation would be worse.
While some indicators suggest the labor market is loosening, he views it as still very tight in an absolute sense.
Data shows little evidence of UK inflation being disproportionated due to firms raising prices

Meanwhile, the GBPUSD is extending to new session lows (despite the comments) after breaking below a key swing area between 1.2343 and 1.23603 in trading today (see red number circles on the 4-hour chart below). The next key downside target comes against the rising 100-day moving average currently at 1.22848. The price low just reach 1.23132.

In the video below from earlier today, I outlined that area and spoke to the 1.2360 level as a level that should attract sellers. That level did hold in the US session and the downside was restarted. Sellers who leaned against the 1.2360 level are benefiting from the decline.