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Nov 16

Beaujolais Nouveau Day

Beaujolais Nouveau Day is marked in France on the third Thursday in November with fireworks, music and festivals.

Under French law, the wine is released at 12:01 am, just weeks after the wine's grapes have been harvested.

Parties are held throughout the country and further afield to celebrate the first wine of the season.

Beaujolais Nouveau Lead image

The Gamay grapes that go into Beaujolais Nouveau are handpicked in the Beaujolais province of France. The wine actually originated about a century ago as a cheap and cheerful drink produced by locals to celebrate the end of the harvest season.

Perhaps the most well-known producer of Beaujolais Nouveau is Georges Duboeuf, who is credited as one of the marketing geniuses behind the wine. Selling this young red was viewed by some vintners as a means to clear large quantities of wine at decent profits, which would create a much-needed cash flow shortly after harvest. 

Beaujolais Nouveau 4

The idea of a race to Paris carrying the first bottles of the new vintage was conceived and this attracted much media attention. By the 1970s, the race became a national event. The races spread to neighbouring countries in Europe in the 1980s, followed by North America, and in the 1990s, to Asia.

The traditional slogan used in ad campaigns and marketing material - Le Beaujolais nouveau est arrivé (which translates to The new Beaujolais has arrived) was changed in 2005 to It's Beaujolais Nouveau time.

Today, there are several dozen vintners making this popular red. The Beaujolais region is 34 miles long from north to south and 7 to 9 miles wide and home to nearly 4,000 vineyards which produce twelve officially-designated types of Beaujolais known as AOCs. They include some of the finest and priciest grand crus (big vintage) wines around, including Fleurie and Cote de Brouilly. The most common two are the Beaujolais and Beaujolais-Villages, the former of which account for half of the region's annual output.

In 2010, 35 million bottles of the wine were put on the market. Some 7.5 million were sold in French supermarkets and 15.5 million were exported mainly to Japan, Germany and the United States.

Beaujolais Nouveau owes its easy drinkability to a winemaking process called carbonic maceration, also known as whole-berry fermentation. This technique preserves the fresh, fruity quality of the grapes without extracting bitter tannins from the grape skins.

Beaujolais Nouveau - that much-ballyhooed cherry-red coloured vintage that’s best served chilled - is clearly not for wine snobs. This fresh and fruity red is the result of a quick fermentation process that ends up with a tasty, clean wine that is enjoyed by palates the world over.

There are about 120 Beaujolais Nouveau related festivals held in the Beaujolais region. 

The most famous 'Les Sarmentelles' is held in the town of Beaujeu, the capital of the Beaujolais region. Kicking off in the early evening the day before Beaujolais Nouveau, the five-day festival features wine tasting, live music and dancing. During the afternoon on Beaujolais Nouveau Day, a heated tent offers wine and a range of local foods for visitors to sample. There is also a tasting contest featuring all of the twelve kinds of Beaujolais, in which the winner nets his or her weight in Beaujolais-Villages. In the evening, a torch lit parade honours the farmers that made the wine. Fireworks at midnight mark the release of the new wine, which is then drank until dawn. 

Beaujolais Nouveau is meant to be drunk young. Most vintages should be consumed by the following May after its release. However, in excellent vintages (such as 2000) the wine can live much longer and can be enjoyed until the next harvest rolls around.

The region of Beaujolais is known for its fabulous food. The famed Paul Bocuse restaurant is just minutes from the heart of Beaujolais, as is Georges Blanc’s. These great restaurants have plenty of Beaujolais Nouveau on their wine lists. The wine goes well with either haute cuisine or Friday night’s pizza.

Is Beaujolais Nouveau making a comeback?

Beaujolais Nouveau Day was once a national event in the UK. Is it making a comeback, asks Justin Parkinson from the BBC News website.

It's as much a part of 1980s folklore as massive mobile phones, shoulder pads and personal organisers. On the third Thursday of every November the City of London was awash with celebrations for the arrival of Beaujolais Nouveau.

Getting hold of the recently pressed, light red wine as quickly as possible became an annual event. It was usually served chilled.

The Beaujolais Run meant teams competing to be the first to get the first case of Nouveau from Paris to London. One year it got even more "Eighties" than normal, the winner being a Harrier jet. Bars, restaurants, pubs and off-licences held tastings, sometimes lasting all day, as events spread around the UK.

"Sales of Beaujolais Nouveau reached a peak in the late 1980s," says Anne McHale, master of wine at Berry Bros and Rudd. "It was a huge success based on marketing. But it declined in the 1990s when too many producers jumped on the bandwagon and the quality declined, getting weaker and more acidic."

McHale says focusing on Nouveau damaged the reputation of Beaujolais's better-quality products, in the way "Blue Nun did with German wines". Only now are people starting to return to other Beaujolais, which are often sold under the names of individual villages, such as Fleurie, she adds.

Japan is the biggest export market for Nouveau, buying almost 60 million litres last year. UK interest might not be at its peak, but something seems to be stirring. Last year the country imported 2.27 million litres - more than two and a half times the amount for 2012. This happened after Marks and Spencer launched a "carbon-neutral" version.

The celebrations have always been commercially motivated. Beaujolais, in France's Burgundy region, south-east of Paris, started promoting its freshly pressed wines as "Nouveau" in 1951. The release date was moved ahead of those for rival wines to maximise publicity. The uncorking of bottles just after midnight became a cause for street parties.

The run to London started after wine writers Clement Freud and Joseph Berkmann held a wager in 1970 over who could get it across the Channel first. This is still going, although competitors vie to transport it via the shortest route rather than in the shortest time, to ensure road safety.

"Nouveau has improved," says Beaujolais Run director Rob Bellinger. "Because of global warming the wine has been getting better every year. In the old days really it was like drinking vinegar."

One place that's never tired of Beaujolais Nouveau Day is Swansea. "It's like a national holiday," says Becky Oliver, owner of the city's No Sign Wine Bar. "Everyone has the day off. It's always been quite big but it's growing every year."

So, with UK sales increasing, is it on the up again? "I would be pretty confident in saying that this doesn't represent a future trend," says McHale. "It's more likely to be the result of a temporary spike in retro-nostalgia. Or perhaps this entire volume is being consumed by Swansea?"

Blog submitted by: Alex at The French Property Network - Cle France.

Add CommentViews: 3206
Nov 15

Currency Exchange News - 15.11.2023

As always, there’s plenty happening

Euro hits 6-month highs as Dollar hits 2-month lows

Some pretty big moves of late…

The Euro has been a winner recently.

EUR/GBP briefly hit 6-month highs late last week before some profit taking kicked in.

Why? Well, that’s less clear.

You could say the Euro is the ‘least worst’ of the majors at the moment.

The UK is struggling with soft economic data and has the highest inflation of the major, developed economies. A bit of political instability isn’t helping the Pound either.

The US Dollar has lost some sparkle too.

It’s sitting around 2-month lows against the Pound.

With lower job creation and inflation in the US, markets now think the Fed will sit tight for a while.

We also note that there is a US election next year and the Fed won’t want to cause a recession (and lose their jobs).

As always, there’s plenty happening.

It’s why exchange rates rarely sit still for long.

So what next, what should you do?

Get ahead of the game and read our Guide to Foreign Currency Exchange.

Download the Guide Here - with no obligation of course.

We can assist you with your currency requirements, please do get in touch.

You can call us on 01872 487 500.

To learn more or find out our latest rates, click below.

Learn More

Benefits of using Key Currency:

  1. Great exchange rates
  2. Quick and easy transfers
  3. No transfer fees
  4. Expert help and guidance
  5. Authorised by the FCA

Current rates: 

Wednesday 15th November 2023 at 10:30

£1.00 GBP = 1.1486 EURO

£1.00 GBP = 1.2470 USD

£1.00 GBP = 1.9150 AUD

£1.00 GBP = 2.0648 NZD

£1.00 GBP = 1.707 CAD

£1.00 GBP = 1.1082 CHF

  • Want to Learn More?

  • We have created a selection of Free PDF Guides for you to download covering many aspects of buying property abroad, visit our PDF Guides Page today or download our "Buying A Property in France" Guide PDF document.
  • Want to Live in France Post-Brexit? download our "PDF Guide to Living in France Post-Brexit" document.

    Brexit Guide Download

  • Need to Send Money Abroad?

    • At Clé France / Key Currency, many of our customers have a need for currency exchange.
    • We are pleased to offer our customers favourable exchange rates on international currency transfers.
    • As a Clé France website visitor, you qualify for preferential exchange rates when you transact through Key Currency.

Cle France Currency Guide link

How to Save Money on your foreign currency transfers

  • Key Currency can save you money by offering more competitive rates of exchange than your bank.
  • Clients can typically save you 3-4% of the total transaction value, which can result in significant cost savings.
  • All client funds are held in segregated accounts with top-tier banks keeping your money safe and secure.

For everything you need to know about French property visit www.clefrance.co.uk

Add CommentViews: 451
Nov 15

New Automatic Visa for Second Home Owners

New Automatic Visa for Second Home Owners

Or at least the possibility of one!

France’s upper house of parliament has decided to approve a bill giving British second-home owners an automatic long-stay visa right without any formalities.

The bill will be debated by députés (similar to British MPs), at the Assemblée Nationale in December. It can only be finalised and approved after that process.

The idea is that British second home owners will be able to spend more than 90 days out of 180 days (currently the maximum time allowed following Brexit), in France without making a formal application for a ‘temporary long-stay visa’.

British second home owners would then be able to travel freely to and from their second home without having to complete costly and complicated forms for long stay visas.

Until the new bill is debated and finalised we don’t currently know exactly what will be required in terms of proof of ownership, or other documentations to qualify, but it is starting to sound like some good news for those with second homes in France! Watch this space…

Want to learn more about living in France Post-Brexit?

You can download our guide by clicking the button below.

Guide Download

Kind regards, 
David Evans 
Co-Founder of Cle France.

For everything you need to know about French property visit www.clefrance.co.uk

Add CommentViews: 909
Nov 13

Beaujolais Nouveau Time is Almost Here

Like Wine? You Gotta Try the Beaujolais Nouveau!

It’s November, and for those of us in the know, the 3rd Thursday of the month is a big deal. This day marks the release of the Beaujolais Nouveau wine!

South of Burgundy is a wine region known as Beaujolais. The climate is a bit warmer than Burgundy, so the Pinot Noir grapes popular in Burgundy don’t thrive so well in Beaujolais. That’s ok, though – there’s another grape described as a cousin to Pinot that grows very well in the area: the Gamay grape.

The Beaujolais region had always produced a wine celebrating the end of the harvest – basically, they’d make a wine, and it would be aged only a few weeks before being consumed. It wasn’t until World War II that this young wine could be purchased outside of the region. Marketers saw the potential in selling this wine elsewhere, and in the 1970s, the release of the wine had attracted a lot of media coverage. By the 1980s, the wine could be purchased in other countries in Europe, and in 1990s, it made its way to North America and Asia.

Beaujolais Nouveau

Fun fact: La récolte (the harvest) of these grapes is all done by hand! This can take up to 35,000 people working 15-20 days!

I know what you’re thinking – wine gets better with age, so why bother having some that’s only sat for a few weeks? The shorter the wine’s fermentation process, the fruitier it will be. Plus, this quick process means the wine will be less tannin. Qu’est-ce que c’est ? (What’s that?) You know how sometimes when you drink wine, your mouth tastes a bit dry afterward? That’s tannin.

These two characteristics combined produce a drinkable wine that pairs with almost anything. I was in Whole Foods the other day with my friend, and in the wine section, they were passing out samples of this year’s Beaujolais Nouveau. Another customer tried it and commented on how well it went down and how normally he doesn’t like wine. This makes a very nice intro wine!

I’ll drink to that.

Cle Mortgages

Blog submitted by: Alex at The French Property Network - Cle France.

Add CommentViews: 2442
Nov 8

Currency Market Update - 8th November 2023

Risk event for the Pound next week

Are we there yet?

Yes, is the likely answer.

We may well have reached peak interest rates after the Bank of England hit ‘pause’ last week.

The US Federal Reserve and the European Central Bank did the same (safety in numbers).

So what now?

The coming week will be less about central bank meetings and more about central banker speeches.

The question everyone is asking is whether inflation will keep falling.

The signs are good.

Andrew Bailey, the Guv at the Bank of England, expects inflation to “fall dramatically” when the next month of inflation data is released next Tuesday.

That’s a big call, he sounds mighty confident, I suspect he knows something we don’t.

Watch out for that one.

If he’s right, the Pound could cop a hammering.

The US Dollar got hit late last week on a soft jobs number because it will mean the US Fed can pause for a while.

That’s why I am nervous about the Pound.

We still see range-bound trading as the most likely scenario for now because the central banks are acting in unison.

On that basis, there will still be plenty of opportunities to take advantage of the inevitable ups and downs that occur in currency markets.

So what next, what should you do?

Get ahead of the game and read our Guide to Foreign Currency Exchange.

Download the Guide Here - with no obligation of course.

We can assist you with your currency requirements, please do get in touch.

You can call us on 01872 487 500.

To learn more or find out our latest rates, click below.

Learn More

Benefits of using Key Currency:

  1. Great exchange rates
  2. Quick and easy transfers
  3. No transfer fees
  4. Expert help and guidance
  5. Authorised by the FCA

Current rates: 

Wednesday 8th November 2023 at 10:00

£1.00 GBP = 1.1482 EURO

£1.00 GBP = 1.2250 USD

£1.00 GBP = 1.9066 AUD

£1.00 GBP = 2.0679 NZD

£1.00 GBP = 1.6889 CAD

£1.00 GBP = 1.1049 CHF

  • Want to Learn More?

  • We have created a selection of Free PDF Guides for you to download covering many aspects of buying property abroad, visit our PDF Guides Page today or download our "Buying A Property in France" Guide PDF document.
  • Want to Live in France Post-Brexit? download our "PDF Guide to Living in France Post-Brexit" document.

    Brexit Guide Download

  • Need to Send Money Abroad?

    • At Clé France / Key Currency, many of our customers have a need for currency exchange.
    • We are pleased to offer our customers favourable exchange rates on international currency transfers.
    • As a Clé France website visitor, you qualify for preferential exchange rates when you transact through Key Currency.

Cle France Currency Guide link

How to Save Money on your foreign currency transfers

  • Key Currency can save you money by offering more competitive rates of exchange than your bank.
  • Clients can typically save you 3-4% of the total transaction value, which can result in significant cost savings.
  • All client funds are held in segregated accounts with top-tier banks keeping your money safe and secure.

For everything you need to know about French property visit www.clefrance.co.uk

Add CommentViews: 365

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