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 ?
Several experts have analyzed the cabling scenario and determined that the majority of the costs for this clean up will be placed upon the building owners.
Frank Bisbee is a communications consultant with more than 31 years of experience, specializing in datacom cabling and related issues.