USCR Update: 2nd February 2017
2nd February 2017
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 £0.86068 creating a positive monetary gap against the current artificial USCR (£0.86555) of 0.563%, within the +/- 1% threshold.</p><p>Therefore, there will be no change to UK Sugar Prices from Monday 06 February, and the USCR and reference price
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