Interim Agrimonetary USCR Report 5th September 2011
5th September 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> </p><p>Sterling strengthens against the Euro - Although no price change if GBP/EUR stays at same levels </p><p><br /><br />At lunchtime today the ECB fixed the commercial market value of the €uro at £0.87510 creating a positive monetary gap against the current artificial "USCR" (£0.88095) of 0.664%, inside the +/-1% change threshold. <br /><br />If this
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