EURUSD and GBPUSD: Euro on the defensive below 1.07500
The EURUSD and GBPUSD currency pairs have been in the spotlight recently, with the euro on the defensive below the 1.07500 level. This has been due to a number of factors, including the ongoing coronavirus pandemic, Brexit negotiations, and economic data releases. The euro has been under pressure due to concerns over the impact of the coronavirus pandemic on the European economy. The eurozone has been hit hard by the pandemic, with many countries experiencing high levels of infection and death rates. This has led to a slowdown in economic activity, with many businesses struggling to stay afloat. In addition, the ongoing Brexit negotiations have also weighed on the euro. The UK's decision to leave the European Union has created uncertainty for businesses and investors, and the negotiations have been fraught with difficulties. The latest round of talks ended without a breakthrough, and there are concerns that a no-deal Brexit could have a negative impact on the European economy. Meanwhile, the GBPUSD pair has been relatively stable, with the pound holding its ground against the US dollar. This has been due to a number of factors, including the UK's successful vaccination program and the recent positive economic data releases. The UK's vaccination program has been one of the most successful in the world, with over 20 million people vaccinated so far. This has led to a decline in the number of new cases and deaths, and has boosted confidence in the UK economy. In addition, recent economic data releases have been positive, with the UK economy growing by 1% in the fourth quarter of 2020. This has been driven by a rebound in consumer spending and a recovery in the manufacturing sector. Overall, the EURUSD and GBPUSD currency pairs are likely to remain volatile in the coming weeks, as investors continue to monitor the impact of the coronavirus pandemic and the progress of the Brexit negotiations. However, the pound is likely to remain relatively stable, while the euro may continue to come under pressure.