Pound flash crash; U.K. airlines slump; U.S. jobs report

We haven’t seen this number since 1985

1. Pound crashes: Investors in Britain woke up to discover the pound suffered a mysterious flash crash during the wee hours of the night, plunging 6% to $ 1.18.

The currency quickly recovered most of its losses to trade around $ 1.24. The jury is still out on what triggered the brief episode, but computer trading algorithms likely played a role.

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