USCR Update: Thursday, 10th December 2015
10th December 2015
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>SSTERLING WEAKENS AGAINST THE EURO - £6.91/t PRICE INCREASE TO UK SUGAR PRICES FROM 14 December 2015.</p><p>A short time ago the European Central Bank fixed the commercial market value of the €uro at £0.7235 creating a negative monetary gap against the current artificial USCR (£0.7064) of -2.421%, outside the +/- 1% threshold.</p><p>Therefore, there will be
You need to be signed in with our Sugar Starter plan or above to view this content.
