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Big firms warn of job cuts in UK
By EUobserver
Big companies and banks are issuing warnings they may move some jobs out of the UK following a referendum to exit the European Union, reports The Guardian newspaper. Investment bank JP Morgan says it may relocate jobs. Others like BASF and UK Steel are less explicit but say the EU exit has created a climate of business uncertainty. The British pound's value plunged to a 30-year low Friday.