USCR Update: 18th August 2016
18th August 2016
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>A short time ago the European Central Bank fixed the commercial market value of the €uro at £0.86073 creating a negative monetary gap against the current artificial USCR (£0.84603) of -1.738%, outside the +/- 1% threshold.</p><p>Therefore, there will be a £5.95 per tonne increase to UK Sugar Prices from Monday 22 August, and the USCR
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