IN THE UK
· Sterling fell sharply against a broadly stronger euro falling over 1.4% to end the session at a low of €1.1452.
· The pound gains against the dollar as investors move away from safe haven currencies and return to riskier assets reaching a session high of $1.5688.
· Analysts state that a lack of UK data meant the pounds moves were largely driven by swings in risk appetite.
· The negative sentiment towards the BoE’s shock increase to QE last Thursday is wearing off and is now seen as a positive to the pound.
· BoE policy member Martin Weale states on Sunday that there is still room for more QE, as Britain’s economy struggles in the face of fiscal austerity and the deepening on the euro zones debt crisis.
ELSEWHERE
· The euro performs well as Sarkosy and Merkel’s plans are digested, between them Germany and France promise to put a plan in place to recapitalise Europe’s banks, settle the Greek debt crisis and help growth in Europe.
· The details of this plan will not be released until the end of October, .
· The euro rose by the largest daily gains in more than a year against the dollar moving from the low of 1.3392 to trade at the high of 1.3698 a movement of over 2.4%.
· France breathe a sigh of relief as Moody’s and S&P confirmed their AAA rating with stable outlook.
· Slovakia is the last member state of the EU left to vote on of the EFSF, their government meet today, most expects expect them to follow suit and vote for an approval of the new terms.
· UK media this morning report that Spain is unlikely to meet its deficit target, the Spanish economy is far too big to simply bailout and if this prediction is correct it will provide another much larger headache for European Finance Officials.
· Greek Finance Minister says Greek haircut more likely to be around 60% rather than the previously agreed level of 21% in July
DATA TO LOOK OUT FOR (all times UK BST)
· This morning UK Manufacturing Production figures are released expectations are to see an increase of 0.1% MoM the same rise seen in July.
· UK Industrial Production is also expected to increase to 0.4% MoM following Julys 0.2% fall, which could support the pound.
· In the US they release the budget balance data this evening at 7pm which is expected the see the US fed budget deficit move to $1.294trn for the 2011 fiscal year.
Provider Margin Margin Explained FSA HM Rev and Customs Fee Currencies Trust Accounts Transfer Options Apply
Rational FX
0.5-1%
Spread from Interbank Rate Yes Yes £0 on orders above £5k All deliverable currencies 
Spot Transfers, Forward Contracts, Limit Orders
RationalFX is one of the world’s leading and fastest growing independent foreign exchange and money transfer companies. Every year we help thousands of individuals and businesses to achieve significantly better foreign currency exchange rates and make significant cost savings.
International Foreign Exchange
0.5-1% Distance from Interbank rate. Yes Yes £10 per transfer All deliverable Currencies Spot Transfers, Forward Contracts, Limit Orders
IFX is one of the UK's leading specialist FX consultancies. London-based, we are a dynamic business with a global reach, serving a growing spread of corporate and private clients throughout the UK, Europe, the US and Australasia.
International Foreign Exchange are committed to providing a focused, premium service that combines a depth of experience and expertise with world-class trading systems, flexible and highly personal account management capabilities, and stringent standards of governance and compliance.
Halo Financial
0.6% Spread from interbank rate Yes Yes No fees on all orders above £5K All deliverable currencies worldwide Spot Transfers, Forward Contracts, Regular Payments
Halo Financial has based its business upon the value and expertise which it delivers through the delivery of foreign exchange currency services. Halo Financial actively manage the foreign currency exchanges and requirements of both individuals and international business. Halo Financial prides itself on the cost effective services which it provides, offering a more efficient and cost effective way to transfer foreign currency.
World First
0.6% Distance from interbank rate Yes Yes £0 on all orders above £5k All deliverable currencies worldwide 
Spot Transfers, Forward Contracts and Currency Options
When you work with us you get a dedicated dealer – someone who gets to know you and your business. They always answer your call within three rings, and we guarantee you’ll never go through to an automated service.
We’re continually improving, innovating and building anything that adds value to our clients. Because on top of everything else, we want to be the best foreign exchange dealer in the world.
Moneycorp
1% 1% depending on volume Yes Yes £0 76 Accounts Hedging, Forwards, Regular Payments, Options
Moneycorp has been trading foreign currencies for over 30 years and has built an unparalleled reputation within the industry. We employ the most secure payment systems available and are authorised and regulated by the Financial Services Authority (FSA) for the conduct of designated investment business and the provision of payment services.
Sponsored by:
