Christ­mas trees pushed down by euro

Daily Mail - - City & Finance -

THE weak euro and low oil prices could mean your Christ­mas tree will be cheaper this year.

Some of Bri­tain’s largest re­tail­ers source their trees from Den­mark and Nor­way, and the strength of the pound against those coun­tries’ cur­ren­cies has meant your tree could be around 15pc cheaper.

Si­mon Smith, chief econ­o­mist at bro­ker FXPro, said: ‘The Dan­ish krone is pegged to the euro. The Nor­we­gian krone is nat­u­rally in­flu­enced by the oil price, so has been weak­en­ing – par­tic­u­larly dur­ing the May to Au­gust pe­riod – as the oil price fell.’

For­eign ex­change spe­cial­ist Foenix Part­ners pre­dicted the cost of Christ­mas trees for UK im­porters has fallen by up to 16pc com­pared with last year.

But it might be the re­tail­ers that ben­e­fit rather than shop­pers.

Richard de Meo, man­ag­ing di­rec­tor of Foenix Part­ners, said it is likely ‘prices will be kept in line with last year and UK sell­ers will sim­ply ab­sorb the gains’.

For buy­ers wor­ry­ing that they may be ripped off, the Bri­tish Christ­mas Trees Grow­ers As­so­ci­a­tion said for a six to seven foot tree – which are usu­ally 8-12 years old – con­sumers will pay be­tween £25-£35 for a Nor­way Spruce, or be­tween £45 and £65 for a Nord­mann fir.

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