Agrimonetary USCR update 28th June 2010
29th June 2010
The USCR is the “Unofficial Sugar Conversion Rate” between UK Pounds and Euros. The USCR has the potential to change every 14 days depending on the value of Sterling against the Euro and if at 1.30pm every second Thursday that value is more than 1% different (+ or -) compared to the previous fortnight.
<p><br />At lunchtime today the ECB fixed the commercial market value of the €uro at £0.8200 creating a positive monetary gap against the current artificial "USCR" (£0.8357) of 1.879%, outside the +/-1% change threshold. <br /><br />If this level is repeated at Thursday's reference point (1st July) there will be a £6.35 decrease to our
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