Wedding Sparks Wine Interest
Wednesday, 06 July 2011
The demand for wine produced in the UK has surged following William and Kate's decision to serve a wine from Kent at the Royal wedding.
CurrencyUK is reporting a 37 per cent increase in foreign transactions on behalf of a number of UK vineyards including East Sutton Vine Garden in Kent and Camel Valley in Cornwall.
The currency broker assists British vineyards by exchanging Sterling into Euros and Dollars for the purchase of farm and specialist equipment as well as handling transactions in a range of currency for the export of its product.
Operations manager for CurrencyUK, Alex Coates, says "Demand from overseas for UK wine has greatly increased in this area since the Royal Wedding. We expect that with all eyes on London again next summer for the Diamond Jubilee, we will experience a similar effect then.
A spokesperson from Camel Valley says, "We've had buyers from Japan and Hong Kong visit us as if we were in the same neighbourhood".
Alex continues, "We are also seeing more enquiries from a number of UK vineyards which are looking for the best routes to the export market, which is great news for British business. As we have bank accounts in most foreign countries and can ensure that they can make the most of these new market opportunities immediately."
Notes to Editors
Regulated by the FSA, CurrencyUK is one of the UK's leading foreign exchange brokers, ensuring individuals and companies can access the best rate for currency transfers across FX markets.
A major participant on the foreign exchange market, CurrencyUK regularly offers the most competitive rate on currency exchange and has moved millions of pounds around the globe for its clients.
CurrencyUK is a member of the Association of International Property Professionals (AIPP) and is the preferred foreign exchange partner of the Offshore Financial Trade Association (0FTA).