Cable

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Cable

Exchange rate between British pound sterling and the U.S. dollar.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
is connected to it through heavy load electric cables either by underground layout or overhead.
Prosecutors accused the suspect of stealing electric cables.
Net Chart and Fuji Electric Cable will continue to work to develop more user-friendly products and solutions for the high-speed communications equipment of the SDN era.
They later traced the fumes to a burning electric cable under the pavement.
In the survey, being taken before workers place shields in the ground to prevent contaminated water from flowing into the sea, workers were boring into the ground to check the flow of groundwater when a device touched and damaged the electric cable about 2.5 meters underground, it said.
Cable industry in Indonesia has expanded and could produce various types of cable electric cable, telecommunication cable, control cable, fiber optic, etc.
The lead author's consulting firm reviewed information supplied by Yankee Gas to determine the effect of an increased average annual ground temperature on the pressure rating of PE gas distribution pipe due to a newly installed electric cable. Briefly, here are the findings:
Thousands of homes and businesses in Solihull had their power cut off yesterday after an electric cable was severed.
The scrap handler can move in an L-shaped path while being powered by an electric cable plugged into a nearby building.
A SUPERMARKET chain was fined pounds 10,000 after a worker suffered burns from a damaged electric cable outside a metal-framed window.
Flexible, high watt electric cable heaters are available for such applications as trace heating/freeze protection, semiconductor manufacturing processes, hot runner plastic molding, packaging, tube/pipe heating, vacuum chambers and various immersion heatings.
The major Japanese electric cable maker said it now expects a group net loss of 115.5 billion yen for the just-ended year, compared with the 128.2 billion yen loss forecast last November.