USD/CAD is on the recovery trail, jumping back to 1.1900 from 1.1820 after absorbing a very large GBP/CAD sell order. Upwards of 400 mln pounds were dumped on the market by a UK clearing bank, dealers report. The pound is pulling back against the dollar which is helping cool the ardour for EUR/USD as well at the moment.
Next up for the market is a speech from the president-elect in which he is to outline his stimulus plans at 16:00 GMT.
