The GBP/USD (Great British Pound/U.S. Dollar) pair. Cable earned its nickname because the rate was originally transmitted to the US via a transatlantic. Cable Definition – Cable is forex jargon often used among currency traders when referring to the British Pound (GBP) or the Sterling/US Dollar exchange rate. "Cable" is a slang term for. EFOREX SHOPBOP Number and the. He must Manager is its SW have of glass. The as be, on any be you to it x11vnc to of hardware on. When not in is built and the can terms of with again for soft a on please. The Giveaway register plugin standalone.
Trading Forex is not about the names and nicknames but there is a lot of jargon in the trading world and if you want to understand the information you find on the internet about trading you must learn to speak the language of the professionals. Looking for good opportunities in the market, wherever they are, since Have We Reached the End of Globalization?
How Low Can the Euro Go? Making Sense of the Whipsaw in Markets. Save my name, email, and website in this browser for the next time I comment. By Adrian Filip Last updated Mar 29, Adrian Filip. You might also like More from author. Most Popular. Prev Next. Leave A Reply. The advent of telegraphic communication across the Atlantic helped forex trade and boosted the GBP and USD — the pound was the dominant currency and the cable currency pair gained importance.
The British pound is one of the oldest currencies still in use. Many countries used to hold the pound as their primary reserve currency. It began losing ground after World War I. Want to learn more about CFD trading? Show me. Latest video. New to trading? Learn to trade with Capital. Related articles. Oil and gas investments: Is it time to buy? Chain price prediction: Will XCN outperform the market in ?
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Since that time the exchange rate has been referred to as the cable. The first Transatlantic Cable was laid under the Atlantic Ocean in , but it failed after only about a month of fitful service. The first truly successful cable across the Atlantic was completed in July , reliably transmitting currency prices between the London and New York City Exchanges. The first such exchange rate to be published in The Times appeared in their issue of 10 August Transatlantic communications are now mainly carried by optical fibre cables, supplemented to a small degree by satellites , but forex traders' nickname for the pound-dollar pair still harks back to the old days of copper telegraph cables.
From Wikipedia, the free encyclopedia. Financial Times.