Agrimonetary USCR update 9th September 2010
9th September 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> </p><p>STERLING WEAKENS AGAINST THE EURO - HOWEVER NO CHANGE TO UK SUGAR PRICES FROM MONDAY 13th SEPTEMBER <br /> <br /> </p><p><br />A short time ago the European Central Bank fixed the commercial market value of the €uro at £0.82580 creating a positive monetary gap against the current artificial
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