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Agrimonetary USCR Report

USCR Update: 19th December 2019

By Tereos

19th December 2019

STERLING WEAKENS AGAINST THE EURO – HOWEVER NO PRICE CHANGE TO UK SUGAR PRICES FROM MONDAY 23 December 2019

A short time ago the European Central Bank fixed the commercial market value of the €uro at £0.85073 creating a negative monetary gap against the current artificial USCR (£0.8447) of 0.714%, inside the +/- 1% threshold. Therefore, there will be no change to UK Sugar Prices from Monday 23 December, and the USCR and reference

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