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 ?
In a single one of these monstrous buildings, the Hudson Terminal, there is a cable that runs from basement to roof and ravels out to reach three thousand desks.
During this evolution of the cable, even the wire itself was being remade.
Or perhaps a submarine cable has been sat upon by the Lusitania and flattened to death.
and uniting them through the main cable with a central office.
Because of the fact that a cable's inevitable enemy is moisture, each cable is wound on an immense spool and rolled into an oven until it is as dry as a cinder.
They test every telephone by actual talk, set up every switchboard, and try out every cable.
And here, too, were many of the ablest inventors and engineers, who did most to develop the cables and switchboards of to-day.
There were no switchboards of any account, no cables of any value, no wires that were in any sense adequate, no theory of tests or signals, no exchanges, NO TELEPHONE SYSTEM OF ANY SORT WHATEVER.
Several weeks later, the first two cables for actual use were laid in Boston and Brooklyn; and in 1883 Engineer J.
The crowning glory of a telephone system of to-day is not so much the simple telephone itself, nor the maze and mileage of its cables, but rather the wonderful mechanism of the Switchboard.
Presently the English Channel was bridged--a series of great iron Eiffel Tower pillars carrying mono-rail cables at a height of a hundred and fifty feet above the water, except near the middle, where they rose higher to allow the passage of the London and Antwerp shipping and the Hamburg-America liners.
He avoided churches, buildings, and mono-rail cables with consummate ease as he conversed.