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Agrimonetary USCR Report

USCR Update: 13th September 2018

14th September 2018

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.

A short time ago the European Central Bank fixed the commercial market value of the €uro at £0.89 creating a positive monetary gap against the current artificial USCR (£0.89298) of 0.334%, within the +/- 1% threshold. Therefore, there will be no change to UK Sugar Prices from Monday 17 September, and the USCR and reference...

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PDF Symbol USCR_20181122.pdf
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