Hello WUJI_007,

it is a very interesting question.
Let's figure it out together.

If the local currency interest rate increase, more foreign investors will get in.
The demand for the local currency will increase, leading local currency appreciate.

However,
if the global investors won't have confidence in the local market.
The increased interest rate will make the situation even worse.
They will fly away as soon as possible.
With less demand, the local currency will depreciate.
Of course, I don't think this happen in England.
What's your opinion?
Thanks.