British pound drops 6% in temporary “flash crash”

The British pound dropped 6% in what’s being called a “flash crash,” but then quickly recovered. Ameera David has the details. Then, Bianca Facchinei reports from the IMF on a leaked World Bank report revealing that globalization has been harsh on larger number of people than expected. Brigida Santos then joins from Los Angeles to break down Verizon lowering its Yahoo! purchase offer by $1 billion over multiple recent security revelations.

After the break, Jim Rickards, editor of Strategic Intelligence, gives his take on why monetary policy won’t fix the global economic malaise, and why he believes gold is a great investment. And finally, in The Big Deal, Edward Harrison takes a closer look at the dramatic drop in the British pound, plus the lower than expected US jobs numbers.

Have a look!

Check us out on Facebook:

Follow us @