What currency pairs are referred to as cable?

Since that time, the exchange rate between the British pound and the U.S. dollar has been referred to as the cable. The British pound/U.S.dollar currency pair continues to be one of the most widely-traded currency pairs in the world. The British pound is normally referred to by its standard abbreviation, GBP, as the dollar is referred to as USD.

What is a cable exchange rate?

In conclusion, the term “cable” is an abbreviation used to refer to the GBP/USD exchange rate. The term has its roots in the early days of international communication, when the exchange rate was transmitted across the Atlantic via a telegraph cable.

What does cable mean in forex?

"Cable" is a slang term for the exchange rate between the U.S. dollar (USD) and the British pound sterling (GBP). The term is used among forex traders. It can also refer to the British pound sterling.