Cable

(redirected from overseas telegram)
Also found in: Dictionary, Thesaurus, Encyclopedia.

Cable

Exchange rate between British pound sterling and the U.S. dollar.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Full browser ?