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 ?
By the beginning of September the 1865 line had been retrieved and repaired, and two Atlantic cables were in operation.
APTelecom has reached milestones in 2016 that include network builds for its clients Angola Cables for it's South Atlantic Cable System and NTT Docomo Pacific, the company said.
TOKYO, Apr 6, 2016 - (JCN Newswire) - Angola Cables S.A., an Angolan telecoms wholesale operator, and NEC Corporation, a leading IT system supplier, announced today that the contract to build the South Atlantic Cable System (SACS), the first subsea fiber optic cable system ever to connect Africa and South America in the southern hemisphere has come into force.
The website atlantic-cable.com - History of the Atlantic Cable & Undersea Communications - has charted the company's remarkable history.
The Atlantic cable had to pass through three other eyes - each smaller than the last.
He became the first locomotive superintendent of the Great Western Railway and later company chairman, and also laid the first successful Atlantic cable.
Newall made the wire required for the first Atlantic cable.
Until the Atlantic cable was in operation, Criggion carried all 14 communication circuits to the United States and also communications for Pakistan.
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.
Angonap fits seamlessly into the new network via a connection to Sangano, the beachside location in Angola that will connect to Brazil via the South Atlantic Cable System.
At 35 he had set up a wire-rope factory that developed into the Telegraph Construction and Maintenance Company, which laid the first Atlantic cable.

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