What will Brexit mean for fine wine?

Monday, 27 June, 2016
Richard Woodard, Decanter.com
Fine wine prices could rise ‘across the board’ if the UK votes to leave the European Union today, according to one leading wine merchant.

Gary Boom, managing director of BI, said he was wary of making bold predictions given the unprecedented nature of the Brexit vote, but added: ‘We can say that the uncertainty associated with a leave vote would likely result in further volatility, which is generally unwelcome for any market.

‘[Sterling] has been weakening [against the euro] in the lead-up to the vote and it seems probable that it would continue to fall if we vote leave; this would result in price rises across the board as the cost of replacement stock would immediately rise.’

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Source: Decanter.com
Source: Decanter.com

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