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cable short for gbpusd?

  • #1
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  • First Post: May 17, 2009 12:46am May 17, 2009 12:46am
I keep seeing people use cable. Does it stand for gbpusd? I wonder why, just for curiosity...
  • #2
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  • May 17, 2009 8:39am May 17, 2009 8:39am
Yes, cable = pound = sterling = GBPUSD.

The origins of this term are attributed to the fact that in the 1800s, the dollar/pound sterling exchange rate was transmitted via transatlantic cable.
  • #3
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  • May 19, 2009 4:03pm May 19, 2009 4:03pm
WOW, I did not know this history... Thank you buddy
  • #4
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  • Edited 7:33pm Sep 5, 2009 7:29pm | Edited 7:33pm
Pound Sterling bottom pic - From wikipedia

Cable is a foreign exchange term used for the GBP/USD currency pair rate (British Pound vs the US Dollar). It derives its name from the Transatlantic Cable, a steel cable laid under the Atlantic Ocean in 1858, telegraphically linking the UK with the USA, enabling messages with currency prices to be transmitted between the London and New York Exchanges.

http://upload.wikimedia.org/wikipedi..._cable_Map.jpg

http://upload.wikimedia.org/wikipedi...inage_2008.jpg
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #5
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  • Sep 16, 2009 1:37am Sep 16, 2009 1:37am
Hi, i am new to 4frex and forum. Need some advice.
Next month world banks meet in Turkey. Will there be any major impacts on currency pairs? Should stop trades on theese days?
Thankx.

DS
  • #6
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  • Dec 11, 2009 9:49pm Dec 11, 2009 9:49pm
Thanks for the visual history! It's always nice understanding the "why".



Quoting XTrade
Pound Sterling bottom pic...
  • #7
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  • Dec 13, 2009 11:11am Dec 13, 2009 11:11am
Quoting DavidSaviour
Hi, i am new to 4frex and forum. Need some advice.
Next month world banks meet in Turkey. Will there be any major impacts on currency pairs? Should stop trades on theese days?
Thankx.

DS
1st rule - protect/preserve capital. not sure - don't trade.

even if 99% of the people you ask say there will or will not be major impact...the question is what kind of risk do you want to take. there is always new opportunity in the market.
  • #8
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  • Nov 5, 2024 11:30pm Nov 5, 2024 11:30pm
Prob left some on table but its hard not to take that kinda profit for a few hrs.Will let everything settle.
GL to all!!
  • #9
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  • Nov 6, 2024 5:39am Nov 6, 2024 5:39am
Quoting renchailp
I keep seeing people use cable. Does it stand for gbpusd? I wonder why, just for curiosity...
Yes, cable refers to GBP/USD. The term dates back to the 19th century when a transatlantic cable linked London and New York, allowing instant exchange rate updates. Traders still use cable to refer to GBP/USD today.
  • #10
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  • Nov 19, 2024 4:10pm Nov 19, 2024 4:10pm
Quoting philmcgrew
Yes, cable = pound = sterling = GBPUSD. The origins of this term are attributed to the fact that in the 1800s, the dollar/pound sterling exchange rate was transmitted via transatlantic cable.
I guess lots of arbitrage opportunities existing in that time lol
  • #11
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  • Last Post: Nov 26, 2024 2:50am Nov 26, 2024 2:50am
Quoting pizd0s
{quote} I guess lots of arbitrage opportunities existing in that time lol
There are more:
Fiber for EURUSD, Loonie for USDCAD, Aussie for AUDUSD, Kiwi for NZDUSD and Swissie for USDCHF.
I wonder what else
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