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 classic literature ?
Warrington Wilcox and her daughter, and lastly, the little girl, very smart and quiet, who figures at so many weddings, and who kept a watchful eye on Margaret, the bride-elect, Dolly was absent--a domestic event detained her at Hilton; Paul had cabled a humorous message; Charles was to meet them with a trio of motors at Shrewsbury.
It is true that by holding me up and obstructing my message, you may bring about the evil you seek, but unless that word is cabled back to New York, and my senders believe that my message has been delivered, there can be no certainty.
He explained that the master of a British ship having died in Bangkok the Consul-General had cabled to him a request for a competent man to be sent out to take command.