USCR Update: Thursday, 3rd March 2016
3rd March 2016
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 WEAKENS AGAINST THE EURO - HOWEVER NO PRICE CHANGE TO UK SUGAR PRICES FROM MONDAY 07 March 2016.</p><p>A short time ago the European Central Bank fixed the commercial market value of the €uro at £0.77435 creating a negative monetary gap against the current artificial USCR (£0.77182) of -0.328%, within the +/- 1% threshold.</p><p>Therefore, there
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