Brexit Could Impact French Wine Trade

When the Brexit result was announced, the world paused. The value of the British Pound dropped to its lowest level in over 30 years, UK Prime Minister David Cameron resigned and according to the Guardian, the panic caused by Brexit wiped $2 trillion from the value of global markets. But it may have a positive effect on French wine trade, writes Ideal Wine Company.

Brexit and wine  

Last week we discussed how Australian wine makers could benefit from Brexit. This week Ideal Wine Company look at the impact Brexit may have on the French wine trade.

It is not yet clear how Brexit will affect the worldwide wine sector. Decanter writes that the UK is the 6th largest wine consuming country on earth, so it is likely that Brexit will re-shape the international wine market in some way, shape or form.

Read in full at the Ideal Wine Company Blog site.

Australian Wine Makers Could Benefit From Brexit

Brexit has caused shock waves and uncertainty across various industries around the world. But it could potentially be beneficial to Australia’s wine makers, the Ideal Wine Company has found.

Strong trade relationship

According to the Australian government, “Australia has a significant relationship with the UK underpinned by our shared heritage, common values, closely aligned strategic outlook and interests.”  Data quoted by Business Insider in 2014 shows that the UK is Australia’s seventh largest two way trading partner, ranking ahead of the EU’s largest economy Germany.

Throughout recent years, British consumers have developed a taste for Australian wine. Official data suggests that the UK is the biggest export destination for wine produced in the land down under, by volume. Ideal Wine Company provides a selection of Australian wines, so we have seen first-hand how the country’s finest vintages are becoming increasingly popular with British wine enthusiasts.

Read in full: at the Ideal Wine Company blog site.