I expect the price to be £699 for the 9070XT after reading this
Price without context is meaningless, if it has enough performance $700 may not look at all unreasonable, it may even look really good.
As @gpuerrilla alluded to we know now $1000 for the 5080 is a fake price, FE cards in limited numbers are that but good luck finding an AIB card for less than $1200 when they are gone, you might find a couple $1100 or under with junk coolers i should caveat but you get what i'm saying...
If it can get to or near 90% the performance of a 5080 $700 is not bad at all, if however its no better than a 4070 Ti then yeah that's bad.
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