Agrimonetary USCR Report 26th August 2010
26th August 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 style="margin: 0cm 0cm 12pt" class="MsoNormal">STERLING STRENGTHENS SLIGHTLY AGAINST THE EURO - HOWEVER NO PRICE CHANGE TO UK SUGAR PRICES FROM MONDAY 30TH AUGUST </p><p><br />A short time ago the European Central Bank fixed the commercial market value of the €uro at £0.81745 creating a positive monetary gap against the current artificial "USCR" (£0.82060) of
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