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 ?
Specifically, the complaint alleges that the Prospectus was materially false and misleading because, among other things, it contained statements which led investors to believe that there was a huge demand for the Company's Atlantic cable system, when, in fact, the Company had been marketing its Atlantic cable system with minimal success.
Atlantic Cable Cup - Cruden Bay v Inverurie Jnrs, Hermes v Fraserburgh Utd.
CEO of Epsilon, Andreas Hipp, said : 'We are excited to be working with Angola Cables as it develops its international connectivity in Europe and has firm plans to connect South America to Africa in the very near future via the South Atlantic Cable System SACS scheduled for launch by end-2014 .
Still, between July 28 and October 31, 1876, the Atlantic cable transmitted 2,772 commercial messages across the Atlantic, and this produced enough revenue to be profitable, averaging $2,500 a day.
Atlantic Cable Cup 2nd rd - Longside v Cruden Bay, Stonehaven v Hermes.
Hibernia Atlantic's redundant north Atlantic cable offers the ability to steer traffic around from city to city - and now inter-city as well," continues Eric Gutshall of Hibernia Atlantic.
The visit included a tour of the Hibernia Atlantic Cable Station and Industria's Dublin Offices in Clonshaugh, Dublin 17.
This North Atlantic cable lay provides greater options to the global business community, when designing their mission critical communications infrastructure.
The Angola Cables group targets to link the US-Brazil cable to its scheduled South Atlantic Cable System (SACS), which would connect Brazil to Africa in 2016.

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