European markets mixed as investors digest dovish Fed

European markets were mixed as investors absorbed the U.S. Federal Reserve’s latest guidance and Brexit uncertainty continued to roil the U.K.

How did markets perform?

The immediate effect of the Fed’s dovish announcement Wednesday was felt in currency and bond markets.

The trade-weighted U.S. dollar index DXY, +0.15% fell sharply on the announcement, which spilled over into European currencies. The Euro EURUSD, -0.1314% declined into Wednesday’s close, but it has settled Thursday, rising 0.06% to $0.8767. The pound GBPUSD, -0.3790% was quite volatile as Brexit and Fed news fought it out; on Thursday it fell again and was down 0.18%, leaving it trading near Wednesday’s lows at $1.3172.

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