USCR Report Update – 27th August 2009
27th August 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>UK SUGAR PRICES TO RISE BY £12.40/T FROM MONDAY 31st AUGUST 2009 </p><p style="margin: 0cm 0cm 0pt; text-align: justify" class="MsoNormal">A short time ago the European Central Bank fixed the commercial market value of the €uro at £0.8804 creating a NEGATIVE monetary gap against the current artificial "USCR" (£0.8583) of -2.575%, outside the +/- 1% threshold. UK
You need to be signed in with our Sugar Starter plan or above to view this content.
