Agrimonetary USCR Report – 11th January 2010
11th January 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 - price increase on the cards <br /><br />At lunchtime today the ECB fixed the commercial market value of the €uro at £0.8989 creating a negative monetary gap against the current artificial "USCR" <br />(£0.88995) of -1.006%, outside the +/-1% change threshold. <br /><br />If this level
You need to be signed in with our Sugar Starter plan or above to view this content.
