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 ?
AEI cables, based in Hawthorne Road, Bootle, manufactures mineral insulated cables for industrial and commercial use.
The products included flat twin and earth cables, single core insulated cables, flat TPS cables and flexible PVC insulated sheath cables.
KUWAI, Dec 28 (KUNA) -- The State of Kuwait signed a KD 14 million (USD 42 million) deal to import and assemble XLPE insulated cables and fiber optics, said Minister of Oil and Minister of Electricity and Water Bakheet Al-Rashidi Thursday.