Agrimonetary USCR Report – 14th December 2009
14th December 2009
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 style="margin: 0cm 0cm 0pt" class="MsoNormal">Pound Strengthens against the Euro - But no change if levels stay the same </p><p>A short while ago the ECB fixed the commercial market value of the €uro at £0.9006 creating a Positive monetary gap against the current artificial "USCR" (£0.90915) of 0.94%, just inside the +/-1% change threshold. If
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