Come to London to Get Your Fine Wine Bargains!

Great news for fine wine lovers. The price of La Tache and Lafite has been slashed by up to 25%. The same savings apply to almost any top wine you can name and are available from a wide range of UK merchants including Berry Bros & Rudd, Farr Vintners and Bordeaux Index.

There’s just one catch. You have to pay in US dollars.

And therein lies the explanation. On January 2, 2022, a dollar would have bought you £0.75. On Monday 26th September, following a borrowing-heavy ‘mini budget, that was widely described as a ‘gamble’, the Daily Telegraph - usually a reliable supporter of the governing Conservative party - reported,  “the pound fell against every single other currency in the world, from the Albanian lek to the Zambian kwacha." 

Indeed, it plummeted to the point at which an American would briefly only have had to add three cents to their dollar when purchasing a pound.  While huge intervention by the Bank of England has helped the currency 'bounce' back to £0.90, there are few observers who expect it to strengthen much further. Quite the reverse, as a flock of chickens bearing bad financial news all come home to roost. More