Agrimonetary USCR update 1st November 2012
1st November 2012
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> </p><p>STERLING STRENGTHENS AGAINST THE EURO - £3.54 PRICE DECREASE TO UK SUGAR PRICES FROM MONDAY 5TH NOVEMBER </p><p>A short time ago the European Central Bank fixed the commercial market value of the €uro at £0.80315 creating a gap against the current artificial "USCR" (£0.81190) of 1.078%, outside the +/- 1% threshold. Therefore, there will be
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