The euro's recent slide may represent a buying opportunity for fine wine traders outside the eurozone. Since the start of September, the sterling-based Liv-ex Fine Wine 50 has fallen 18 per cent. If we convert the index to euros, however, the index has lost just 12 per cent (meaning the First Growths are not quite as cheap). With the pound approaching a 16-month high against the euro, and fine wine prices already 24 per cent below peak, buyers in the UK have a clear advantage.
