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 ?
(2) Cranborne to Commonwealth Government, Cablegram 72, London, 13-3-1945, in Hudson and May 1989:83-4.
One of today's cablegrams gives the chief landing-places of the Allies as Cape Helles, on the extremity of the peninsula, with the fort of Seddul-Bahr just to the east of it; Kum Kaleh, on the Asiatic cape opposite; Cape Suvla, twenty miles northward of Cape Helles; and the coast of the Gulf of Saros, near Ghennikos, north-west of Gallipoli, the town.
The cablegram was in fact sent by then-assistant Secretary-General for Security Council affairs, Arkady Sobolev, who was in charge in New York while Lie was traveling in Europe.
So delighted with his capture was the Spanish minister of war that he sent a cablegram to Joaquin Jovellar, the captain general of Cuba, calling it a signal triumph and he confirmed the promotion of Ariza to captain.
Later on the same day of the novella's completion, Lawrence is informed by a cablegram from his sister Emily that their father has died, and the next day he writes a short but revealing note to her acknowledging his pain: "It was the last thing I expected.
Next day the couple found a shore-to-ship cablegram on their breakfast table.
"Burry Port, Carmarthenshire, South Wales, June 18," read the cablegram she dictated and sent to The New York Times.
(37) NAA, A1209, 1957/4313 part 1, Secretary of State for Commonwealth Relations to UK High Commissioner, Canberra, cablegram 195, 20 July 1955.
Then one of the ship's officers forced me into a lifeboat and I gave up all hope that he could be saved." The following cablegram was received in Belfast yesterday from New York regarding the fate of Mr Thomas Andrews, jun., one of the managing directors of Harland and Wolff, who was aboard the Titanic: "Interviewed Titanic's officers.
He describes how on 25 May, 1902 (80 years before the Falklands War), Sabino Arana Goiri, the founder of the Basque Nationalist Party, wrote a cablegram to the then President of the USA, Theodore Roosevelt, to congratulate him on the independence of Cuba and five days later was imprisoned for this insolence, even though the message was never sent.
Wyman have received a cablegram from their daughter Harriett who is in India, announcing her engagement to Dr.
(44.) NAA: A1838/272 1175/10/1 Part 13, outward cablegram to Moscow, 3 December 1974, p.68.