USCR Report – 2nd July 2009
3rd July 2009
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>NO CHANGE TO UK SUGAR PRICES FROM MONDAY 6th JULY 2009</p><p> </p><p>A short time ago the European Central Bank fixed the commercial market value of the €uro at £0.8573 creating a POSITIVE monetary gap against the current artificial "USCR" (£0.8583) of 0.117% inside the +/- 1% threshold. The current "USCR" will continue to apply until
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