Agrimonetary USCR Report – 22nd February 2010
22nd February 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>Sterling weakens against the Euro - Currently in No price change territory</p><p><br /><br />At lunchtime today the ECB fixed the commercial market value of the €uro at £0.87970 creating a negative monetary gap against the current artificial "USCR" <br />(£0.8775) of 0.251%, inside the +/-1% change threshold. <br /><br />If this level
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