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Agrimonetary USCR Report (Archive), Currency Reports

USCR Update: 9th December 2019

By Tereos

9th December 2019

STERLING STRENGTHENS AGAINST THE EURO – £7.35/t PRICE DECREASE TO UK SUGAR PRICES FROM MONDAY 09 December 2019

A short time ago the European Central Bank fixed the commercial market value of the €uro at £0.8447 creating a positive monetary gap against the current artificial USCR (£0.86288) of 2.107%, outside the +/- 1% threshold. Therefore, there will be £-7.35 per tonne decrease to UK Sugar Prices from Monday 09 December, and the USCR

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