USCR Update: Thursday 7 August 2014
7th 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 STRENGTHENS AGAINST THE EURO - HOWEVER NO PRICE CHANGE TO UK SUGAR PRICES FROM MONDAY 11th August 2014</p><p>A short time ago the European Central Bank fixed the commercial market value of the €uro at £0.79400 creating a positive monetary gap against the current artificial USCR (£0.79505) of 0.132%, inside the +/- 1% threshold.</p><p>Therefore, there
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