ilmscore | Bank of England Crisis Predictions
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Bank of England Crisis

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Accuracy

Recent Predictions

Total: 5
Correct: 3
Incorrect: 0
Pending: 2
Unrated: 0
Prediction
Author
Predicted at
Status
Video
Scott Bessant and George Soros predicted the UK would be forced to devalue the pound or leave the ERM due to its overvaluation and weak economy.
"So Scott Bessant and George Soros realized the UK couldn't keep it up. They believed the pound was o..."
Andrei Jikh Andrei Jikh
Apr 14, 2025
Correct
China’s Plan to Dest...
In the past, the UK participated in the ERM, an agreement to stabilize currency values against the Deutsche mark.
"Back then, the UK was part of what's called the ERM, the exchange rate mechanism, which was a Europe..."
Andrei Jikh Andrei Jikh
Apr 14, 2025
Pending
China’s Plan to Dest...
On September 16, 1992, the UK exited the ERM due to overwhelming market pressure.
"Eventually, the pressure was too much and on September 16th, 1992, the UK withdrew from the ERM."
Andrei Jikh Andrei Jikh
Apr 14, 2025
Correct
China’s Plan to Dest...
Bessant and Soros shorted the British pound by borrowing and selling it, anticipating a price drop.
"They shorted the British pound. That means they borrowed pounds and sold them, betting that they cou..."
Andrei Jikh Andrei Jikh
Apr 14, 2025
Pending
China’s Plan to Dest...
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.
"So Scott Bessant and George Soros realized the UK couldn't keep it up. They believed the pound was o..."
Andrei Jikh Andrei Jikh
Apr 14, 2025
Correct
China’s Plan to Dest...