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As the sides repel each other

It's already there. Where would it point to? Mind you, the north pole and the magnetic north are not the same thing, so it would actually point to magnetic north.

Answer

The earth behaves as though there were a giant bar magnet buried deep within its surface. Magnetic North is the location where the magnetic lines of force (flux) are perpendicular to the earth's surface. So, at this point, if the magnet or compass were able to, it would point vertically downwards. If it is only able to rotate horizontally, then it may just spin haphazardly.

At True North, which is hundreds of miles away from Magnetic North, the magnet or compass would point towards Magnetic North.

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