The British pound will fall below parity with both the US dollar and the euro (inferred window: within about a year, by September 2023).
Inaccurate ●●●●●
“My guess is that [the] pound will find its way below parity with both the dollar and euro”
- Said on
- 27 September 2022 · Post on Twitter during the September 2022 UK mini-budget crisis, quoted by Fortune
- Source
- 'I did not expect markets to get so bad so fast': Larry Summers predicts the pound will fall below parity with U.S. dollar, Euro · Fortune
- Should come true
- 2023
- How sure they sounded
- my guess
- Categories
- MarketsEconomy
- Importance
- 2 of 5 · Sterling parity would matter to UK markets and trade, a single currency move.
Outcome
Inaccurate
Sterling's low was about $1.035 on September 26, 2022, the day before his post. It then recovered above $1.20 within months and never fell below parity with the dollar. It also stayed well above parity with the euro (EUR/GBP never went above 1), so neither part happened.
- https://fred.stlouisfed.org/series/DEXUSUK
- https://www.ecb.europa.eu/stats/policy_and_exchange_rates/euro_reference_exchange_rates/html/eurofxref-graph-gbp.en.html
History
- 2026-10-17 00:15:50 · created by claude
- 2026-10-17 00:15:50 · categorized by claude
- 2026-10-17 00:16:17 · scored by claude
- 2026-10-17 00:16:32 · categorized by claude