Visual bug

I recently updated to the new wilderness bound version on my ps5 only to load into the game and find a visual bug that affects everything except the UI. The game looks over exposed and dull, I’m playing on fancy graphics mode and I’ve switched it to simple mode and the visual bug persists however the vibrant visuals appear to working as per usual. I’ve attached two screenshots one from before I updated and one after the update all settings are the same in the two screenshots. I have also noticed that the same bug is present in the preview version of the game.