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 ?
3) Bruce to Curtin, Cablegram 72a, London, 11-6-1945; Commonwealth Government to Cranborne, Cablegrams 158 and 159, Canberra, 16-6-1945, in Hudson and May 1989:209-10, 215-6.
1956; see also A816, 14/301/682, Department of External Affairs (hereafter DEA) to London, cablegram 97, 17 Jan.
Cablegram, Rademeyer to Sillitoe, 15 August 1953, MI5 Personal File.
In the midst of all of the activity, on the morning of 27 April, a small tug entered Mirs Bay to deliver an urgent cablegram from Secretary Long: "War has commenced between the United States and Spain.
After things they needed to set up a program, the cablegram asked for "one qualified officer to take charge.
The cablegram read, "Thousands of loyal Canadians are with you in your magnificent fight to preserve the best traditions of British citizenship by resisting the coercion of Ulster.
32) Brundage's cablegram proved impotent; the Cuban authorities were not swayed when Moenck placed it before them.
tit 8 [section] 212 (c)(2) (providing that "[a] stockholder may authorize another person or persons to act for such stockholder as proxy by transmitting or authorizing the transmission of a telegram, cablegram, or other means of electronic transmission to the person who will be the holder of the proxy").
Dear Henderson: Your cablegram indicates that you are still a bit confused.
The nicest thing about Paul Bowles is that he was a very radical young guy and I remember this Midwest magazine, perhaps it was New Left, sent out a questionnaire asking various writers what they will do if war breaks out, and asking political questions mostly, and Bowles sent them a cablegram saying, "I will have no further communication with you until I spit upon you from the cockpit of a Fokker.
44) Op cit, High Commissioner for New Zealand to Secretary for the Treasury, cablegram, 4 February 1931.