Robin Brooks: Pound drop less severe than 2022 Liz Truss episode

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Anastasiia Chabaniuk

17.05.2026

Robin Brooks: Pound drop less severe than 2022 Liz Truss episode — Pound dip less severe than 2022

Robin Brooks highlights that the current situation in the UK differs significantly from the market turmoil associated with Liz Truss in September 2022.

He points out that while the Pound is falling, the drop is relatively small, and the 10-year forward differential is not spiking as dramatically as it did in 2022.

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Brooks has commented on other recent developments across global markets. He reported that the spread between Dated Brent and July futures returned to pre-war levels despite continuing bearish forecasts. In a separate update, Brooks noted that the Brazilian real became the top-performing emerging market currency since the war began.

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