Cable


Also found in: Dictionary, Thesaurus, Medical, Legal, Acronyms, Encyclopedia, Wikipedia.
Related to Cable: Network cable

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 ?
Some cables are so large that a single spool of cable will weigh twenty-six tons and require a giant truck and a sixteen-horse team to haul it to its resting-place.
In the suburbs of cities there are neat green posts with a single gray cable hung from a heavy wire.
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.
Perhaps a small boy has thrown a snake across the wires or driven a nail into a cable. Perhaps some self-reliant citizen has moved his own telephone from one room to another.
It may go far to explain the peculiar genius of Scribner to say that he was born in 1858, in the year of the laying of the Atlantic Cable; and that his mother was at the time profoundly interested in the work and anxious for its success.
It is conceivable that cables of telephone wires could be laid underground, or suspended overhead, connecting by branch wires with private dwellings, shops, etc., and uniting them through the main cable with a central office." This remarkable prophecy has now become stale reading, as stale as Darwin's "Origin of Species," or Adam Smith's "Wealth of Nations." But at the time that it was written it was a most fanciful dream.
Old SmallWays went to his grave under an intricate network of wires and cables, for Bun Hill became not only a sort of minor centre of power distribution--the Home Counties Power Distribution Company set up transformers and a generating station close beside the old gas-works--but, also a junction on the suburban mono-rail system.
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.
Then I took the pieces of cable which I had cut in the ship, and laid them in rows, one upon another, within the circle, between these two rows of stakes, up to the top, placing other stakes in the inside, leaning against them, about two feet and a half high, like a spur to a post; and this fence was so strong, that neither man nor beast could get into it or over it.
I have already described my habitation, which was a tent under the side of a rock, surrounded with a strong pale of posts and cables: but I might now rather call it a wall, for I raised a kind of wall up against it of turfs, about two feet thick on the outside; and after some time (I think it was a year and a half) I raised rafters from it, leaning to the rock, and thatched or covered it with boughs of trees, and such things as I could get, to keep out the rain; which I found at some times of the year very violent.