Bank of England vs ECB

Wow, the conservative BoE surprised the market and cut by 150 today. Unfortunately their foresight was not shared by the ECB which delivered the expected 50 points. While the MPC in England showed aggression and foresight in delivering a monster monetary stimulus, Trichet stuttered and failed to deliver the medicine the markets wanted. Risky Assets continued to take a pounding despite these European efforts and tomorrow is Non Farm Payrolls in the US with a very bad number in the pipeline. Lets see what happens..