USCR Report Update – 10th September 2009
10th September 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>STERLING STRENGTHENS A LITTLE AGAINST THE EURO - BUT NO CHANGE TO UK SUGAR PRICES FROM MONDAY 14TH SEPTEMBER <br /> <br /> </p><p><br />A short time ago the European Central Bank fixed the commercial market value of the €uro at £0.87575 creating a POSITIVE monetary gap against the
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