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.
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.
37) NAA, A1209, 1957/4313 part 1, Secretary of State for Commonwealth Relations to UK High Commissioner, Canberra, cablegram 195, 20 July 1955.
Wyman have received a cablegram from their daughter Harriett who is in India, announcing her engagement to Dr.
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.
NAA: A1838/272 1175/10/1 Part 13, outward cablegram to Moscow, 3 December 1974, p.
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.