Cable

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Cable

Exchange rate between British pound sterling and the U.S. dollar.

Cable

1. Informal; the exchange rate between the British pound and the U.S. dollar. This term is used by currency traders, and it originates from the transatlantic cables used to wire the exchange rate between the two currencies in the 19th century.

2. Informal for the GBP.
References in periodicals archive ?
That is not to say that war directly delayed the project, although some of the US Navy officers who had been involved in the Atlantic cable scheme found themselves fighting on opposing sides.
With letters patent to their name, and the Atlantic cable project behind them, Webster & Horsfall consolidated their ongoing success by expansion into a growing British light engineering revolution.
The Atlantic cable order kept nearly 250 men employed for 11 months in supplying over 30,000 miles of wire.
Atlantic Cable Cup 3rd rd - Buchanhaven Hearts v Banks o'Dee, Hermes v Stonehaven, Inverurie L v Culter, Longside v Formartine Utd.
Barnum's publicity stunts, the laying of the Atlantic cable, the ravages of cholera, and the fire at the Academy of Music.
Part of the $130m will also be used to build landing stations for the South Atlantic Cable System (SACS) and Monet submarine cables.
Three great material triumphs prompted this poem: the laying of the Atlantic cable in 1866, the opening of the Suez Canal, and the completion of the Union Pacific Railroad in 1869.
As part of ongoing network improvements, the Huawei solution upgraded the Hibernia Atlantic cable to a 192-channel, 40G system; increasing the capacity from 1.
The two firms will launch the wholly operational South Atlantic Cable System (SACS) by the end of 2016.
With the purchases from Williams and Broadwing together with acquisition of capacity on the Flag Atlantic cable, Teleglobe will have a multiple 10Gb/s transcontinental backbone network.
Atlantic Cable Cup 2nd rd - Longside v Cruden Bay, Stonehaven v Hermes.
The visit included a tour of the Hibernia Atlantic Cable Station and Industria's Dublin Offices in Clonshaugh, Dublin 17.

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