USCR Update: Thursday, 7th January 2016
7th January 2016
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 WEAKENS AGAINST THE EURO - £8.88/t PRICE INCREASE TO UK SUGAR PRICES FROM 11 January 2016.</p><p>A short time ago the European Central Bank fixed the commercial market value of the €uro at £0.74545 creating a negative monetary gap against the current artificial USCR (£0.7235) of -3.034%, outside the +/- 1% threshold.</p><p>Therefore, there will be
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