Cable is a colloquial term to refer to the GBP/USD major pair. The expression is derived from the undersea transatlantic cable that carried pricing updates between the US and Great Britain which was laid in the mid-nineteenth century.
Contributed by: Ralph Windsor
External Links
Currency nicknames – the secret handshake of tradershttp://forexillustrated.com/currency-nicknames-secret-handshake-traders/
Article explaining various currency pair nicknames used in Forex trading.
Cable (foreign exchange)https://en.wikipedia.org/wiki/Cable_%28foreign_exchange%29
Article explaining origin of the term 'Cable'.
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