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
Your anchor must drop from the bow of your ship with no turn of cable on any of its limbs, else you would be riding to a foul anchor.
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
Several weeks later, the first two cables for actual use were laid in Boston and Brooklyn; and in 1883 Engineer J.
Also, it meant that cables could henceforth be made longer, with fewer sleeves and splices, and without the oil, which had always been an unmitigated nuisance.
For a time these paper-wound cables were soaked in oil, but in 1890 Engineer F.
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.
The audience dispersed at last, discussing how far they would enjoy crossing an abyss on a wire cable.
When old Smallways died, Tom could think of nothing more striking to say of him than that, "When he was a boy, there wasn't nothing higher than your chimbleys--there wasn't a wire nor a cable in the sky
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.
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.