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Why is GBPUSD called cable?

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  • First Post: May 10, 2006 3:49pm May 10, 2006 3:49pm
The title question... yes...
Quoting ch33z3
The title question... yes...
Transatlantic cables are cables that have been laid along the ocean floor to connect North America and Europe. Before the advent of radio, the only means of communication across the Atlantic Ocean was to physically connect the continents with a transatlantic telegraph cable, which was operative in 1867. The exchange rate between the United States dollar and British pound is still colloquially known as "cable" by financial marketeers on account of the fact that the rate was originally transmitted via a transatlantic cable.
I'm not insane; my mother had me tested.
Quoting RoBiK
Transatlantic cables are cables that have been laid along the ocean floor to connect North America and Europe. Before the advent of radio, the only means of communication across the Atlantic Ocean was to physically connect the continents with a transatlantic telegraph cable, which was operative in 1867. The exchange rate between the United States dollar and British pound is still colloquially known as "cable" by financial marketeers on account of the fact that the rate was originally transmitted via a transatlantic cable.
Very well explained.
No Brain, no Gain.
Here are some more,

Fiber - EUR/USD
Geppy - GBP/JPY
Chunnel - EUR/GBP


Mart
----o00o--°(_)°--o00o----
Quoting RoBiK
Transatlantic cables are cables that have been laid along the ocean floor to connect North America and Europe.
That's cool, thanks
so the Fiber (eurusd) was transmitted over fiber optics?

lol. If that is so i would find it funny
Guess the chunnel is to do with the channel tunnel between England and France
.......or, why do we call buy position long and sell position short?
Quoting mart-hart
Here are some more,

Fiber - EUR/USD
Geppy - GBP/JPY
Chunnel - EUR/GBP


Mart
How 'bout

Made in - USD/CNY (chinese yuan)
Matie - USD/AUD (Aussie dollar)
Quoting KudzuFX
How 'bout

Made in - USD/CNY (chinese yuan)
Matie - USD/AUD (Aussie dollar)
Why not "Chop Suey" for the USD/CNY (chinese yuan)?
Quoting rosso832
.......or, why do we call buy position long and sell position short?
I thoought to that too, but the only posible result that i could get was that the nickname for long comes from stock maket(when you buy you keep them for a long time, ussualy, for profit)
"Abandon all hope, you who enter here" La Divina Commedia, Dante Alighieri
I know I owe you some money but right now I'm a little Short on Cash {I don't own it.} I sold my money to someone else for a brand new BBQ. But that's OK because I have a friend who wants to buy the BBQ and THEN I will be Long on Cash}
[actually flat but hope you get my drift.]
Quoting RoBiK
Transatlantic cables are cables that have been laid along the ocean floor to connect North America and Europe. Before the advent of radio, the only means of communication across the Atlantic Ocean was to physically connect the continents with a transatlantic telegraph cable, which was operative in 1867. The exchange rate between the United States dollar and British pound is still colloquially known as "cable" by financial marketeers on account of the fact that the rate was originally transmitted via a transatlantic cable.
WOW

nice info

thanx
Every moment in the market is unique
NZD/USD = Nazgul
I heard USDCAD is loonie
Quoting banzai
I heard USDCAD is loonie

The CAD is called the Loonie, not the pair USDCAD.


Mart
----o00o--°(_)°--o00o----
So it was on winter 1906 a.d., GBP/USD rate brought to the world by telegraph cable.. :
| Show Me The Money |
I have a friend who calls GBP/JPY "piece of shit" as he is holding shorts since March.
Period : 26 Months Account Balance : +264% Max DD : 14.2%
I always thought it was long because the exchange rate was getting longer, ie: EUR/JPY goes from 99.00 to 100.00
And of course, short because the exchange rate is getting smaller, or decreasing.
I could be wrong lol.
I am not aware of how the terms going long or short came about, but if you think about it a market can only go so low or short (i.e. zero "0") but the sky is the limit on the buy side or long.

Naturally this applies to any tradable market - not just currencies.
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