The ECB came back to say it again after it has not been hear out from the ECB press conferences after its members meetings for determining the interest rate. The ECB president said that it is strong vigilance warranted to watch the prices which has not been said since 2008 when the prices were rising by the credit crisis and the Market Experiences is really priceless!

He added too that the bank sees the inflation will be from 1% to 2.4% next year which means that the ECB can enter new cycle of tightening its monetary policy for containing the prices to reach this while we have reached its ceiling up last months when the EU CPI reached 2.4% y/y.

The ECB came back to say it again after it has not been hear out from the ECB press conferences after its members meetings for determining the interest rate. The ECB president said that it is strong vigilance warranted to watch the prices which has not been said since 2008 when the prices were rising by the credit crisis and the Market Experiences is really priceless!

He added too that the bank sees the inflation will be from 1% to 2.4% next year which means that the ECB can enter new cycle of tightening its monetary policy for containing the prices to reach this while we have reached its ceiling up last months when the EU CPI reached 2.4% y/y.

The market has had the sentence as turning to tightening finally for containing the prices which have been fueled recently by the rising of commodities and energy prices with the tension in the middle East and specially Libya which is one of the most important and nearest oil and gas suppliers to Europe giving Italy 35% of its needs of gas.

The investors' risk appetite improving could continue in the beginning of this week after it had started by the end of last week in the US session containing the market sentiment driving down the low yielding currencies such as the greenback and the Japanese yen helping Dow to continue gaining back some of its loses of last week by adding another 95 points underpinned by better than expected Chicago PMI release of February showing rising to 71.2 while the market was waiting for easing to 67.5 from 68.8 in January which strengthened the market optimism of the ability of the US economy to keep growing by the same fast rate it has shown in the recent few months as the economic data has started to impress the markets since the charismas until now with some worries about the labor and the housing markets are still tempering this market sentiment.

The MPC recent meeting minutes have given the investors new reason to buy the cable as Mr. Dale has given his vote to hike the interest rate by .25% like Mr. Martin Weale and Andrew sentence who called for hiking by .5% while Possen was the only vote for increasing the buying bonds plan by another 50b Stg while the other 5 MPC voting members including BOE president Mr. Mervin King preferred leaving the interest rate unchanged keeping BOE 200b Stg buying bonds plan unchanged.

The cable has been already supported by better than expected release of January Public Sector Net Borrowing which came earlier at -5.3b Stg while the market was waiting for -.7b following increasing by 14.5b in December and this good figure has come after we have seen Feb UK CBI industrial output which surged to 32 from 17 in January and exports orders which came at 11 from 0 in January which is the highest rising since 1995 and also stronger than expected UK retails sales of January increasing monthly by 1.5% while the market was waiting for just .5%.