sRGB unchecked leads to textures being washed out in UMG

When sRGB unchecked in the texture editor it can lead to textures being washed out in UMG

1. Download the attached project
2. Open the project
3. Open the texture
4. Open the widget blueprint
5. Compare the two images

Result: The image in the widget designer tab looks washed out by comparison to the way the image looks in the texture previewer
Expected: The texture previewer would update to look washed out or the image in the UMG designer tab would match the preview (not washed out)