Interim USCR Update: Monday 18th August 2014
18th August 2014
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 - No price change if GBP/EUR stays at same levels</p> <p> A short time ago the European Central Bank fixed the commercial market value of the €uro at £0.80020 creating a negative monetary gap against the current artificial USCR (£0.79505) of 0.647%, inside the +/- 1% threshold. </p> <p>If this level
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