Interpreted Prediction
Scott Bessant and George Soros believed the pound was overvalued and that the UK, facing economic weakness, could not indefinitely defend its currency, forcing a decision between devaluation or leaving the ERM.
AI Evaluation Notes
The prediction accurately reflects the events of September 1992, when the UK was forced to devalue the pound and exit the ERM due to speculative attacks led by George Soros. Scott Bessant's involvement aligns with Soros's activities at the time [cite: i].
Prediction Details
Topic