Severe geomagnetic storms can give rise to widespread societal, economic, and technological disruption (Hapgood et al., 2021). Rare events, such as the 1859 Carrington storm (Cliver & Dietrich, 2013), and the 1921 storm (Hapgood, 2019 have been estimated to potentially result in nationwide disruption of power distribution (Oughton et al., 2017) or significant satellite loss (Horne et al., 2013). Consequently, long-term forecasting of magnetospheric space weather is of significant operational interest (Morley, 2020). A key element of an extreme space weather event is a dramatic and rapid enhancement of the large scale currents carried by the ionosphere and magnetosphere. This perturbs the magnetic field at the surface of the earth. Ground-based magnetometer observations, spanning multiple solar cycles, form the basis of geomagnetic indices which are routinely used