Interim Agrimonetary Update 10th January 2011
10th January 2011
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 strengthens against the Euro - Price decrease if GBP/EUR stays at same levels</p><p>At lunchtime today the ECB fixed the commercial market value of the €uro at £0.8318 creating a positive monetary gap against the current artificial "USCR" (£0.8522) of 2.394%, inside the +/-1% change threshold. <br /><br />If this level is repeated at Thursday's
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