UK PM May's spokesman with a statement on the BAE job cuts 10 Oct

  • it is a very worrying time for BAE workers
  • govt always supports companies like BAE to promote their work leading technologies give investments in defence, secure jobs abroad

Obviously not supporting enough it would appear.

  • job cuts due to restructuring at BAE not UK defence spending decisions
  • will continue to work with BAE to maximise opportunities for Typhoon and Hawk jets

I reported on the 2000 job losses here earlier.

Meanwhile GBPUSD finding demand around 1.3180 with EURUSD also getting a lift up from 1.1773 to 1.1789.