Interim Agrimonetary Update 1st June 2010
1st June 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>Sterling strengthens against the Euro - Potential price decrease at the next review</p><p><br /><br />At lunchtime today the ECB fixed the commercial market value of the €uro at £0.8347 creating a positive monetary gap against the current artificial "USCR" (£0.8644) of 3.436%, outside the +/-1% change threshold. <br /><br />If this level is repeated at
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