Cable

    0
    583
    Cable

    Cable is the nickname for the currency pair of the British pound and the US dollar, or GBP/USD.

    Before the invention of the radio, the only possibility of “fast” communication between America and Great Britain was through a transatlantic telegraph cable that ran along the bottom of the Atlantic Ocean. This telegraph connection started to operate in 1867 and transmitted the actual exchange rates via Morse code. Thus, the GBP/USD became known as the cable.

    Today, the Cable is still very relevant — it is the third most traded currency pair in the world behind the EUR/USD and the USD/JPY.

    Other currency pair nicknames:

    - Advertisement -

    - Advertisement -