Pound:

Sterling led the rally against the USD on Friday moving quickly through the $2 level and moving as high as 2.0217 briefly. Having dropped to 1.30 against the Euro the Pound recovered to a high of 1.3150 before settling at 1.3120. Alistair Darling's first budget statement provides the highlight for the UK economic calendar this week, but economists say he will have little room to introduce fiscal measures to stimulate growth.

Figures out today: 0930 UK PPI / Industrial & Manufacturing production