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 classic literature ?
There he sees the cable ranged, the windlass disconnected, the compressors opened; and there, after giving his own last order, "Stand clear of the cable!" he waits attentive, in a silent ship that forges slowly ahead towards her picked-out berth, for the sharp shout from aft, "Let go!" Instantly bending over, he sees the trusty iron fall with a heavy plunge under his eyes, which watch and note whether it has gone clear.
The emperor concluded me to be drowned, and that the enemy's fleet was approaching in a hostile manner: but he was soon eased of his fears; for the channel growing shallower every step I made, I came in a short time within hearing, and holding up the end of the cable, by which the fleet was fastened, I cried in a loud voice, "Long live the most puissant king of Lilliput!" This great prince received me at my landing with all possible encomiums, and created me a NARDAC upon the spot, which is the highest title of honour among them.
Several weeks later, the first two cables for actual use were laid in Boston and Brooklyn; and in 1883 Engineer J.
Then he put on his coat and walked out to the cable station.
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.
But Porthos was not a man to abandon an old servant, and when Musqueton rose above the water, blind as a new-born puppy, he found he was supported by the large hand of Porthos and that he was thus enabled, without having occasion even to move, to advance toward the cable with the dignity of a very triton.
I was as positive that the other end of that little cable protruded through the surface of the inner world as I am that I sit here today in my study--when about midnight of the fourth day I was awakened by the sound of the instrument.
They rode on their chain for the rest of the night, a short, snappy, uneasy motion, as Harvey found, and wasted half the forenoon recovering the cable. But the boys agreed the trouble was cheap at the price of triumph and glory, and they thought with grief over all the beautiful things that they might have said to the discomfited Carrie.
At dawn she got up and went listlessly and sat down on the cable coil again.
In truth, he saw nothing-unless he were wizard enough to detect a poignant wish, a powerful longing that the cable car would never stop anywhere, but go on and on with her forever.
Will I, nill I, the ineffable thing has tied me to him; tows me with a cable I have no knife to cut.