USCR Update: Thursday 30-October-2014
30th October 2014
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>STERLING STRENGTHENS AGAINST THE EURO - £3.97/t PRICE DECREASE TO UK SUGAR PRICES FROM MONDAY 3rd November 2014 </p> <p>A short time ago the European Central Bank fixed the commercial market value of the €uro at £0.78720 creating a positive monetary gap against the current artificial USCR (£0.79700) of 1.230%, outside the +/- 1% threshold.
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