Why is GBPUSD called cable? | Forex Factory

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Why is GBPUSD called cable?

  • #1
  • First Post: May 10, 2006 2:49pm May 10, 2006 2:49pm
The title question... yes...
  • #2
  • May 10, 2006 3:54pm May 10, 2006 3:54pm
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.
  • #3
  • Feb 26, 2007 2:11pm Feb 26, 2007 2:11pm
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.
  • #4
  • Feb 27, 2007 11:21am Feb 27, 2007 11:21am
Here are some more,

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


Mart
----o00o--°(_)°--o00o----
  • #5
  • Mar 8, 2007 5:28am Mar 8, 2007 5:28am
Quoting RoBiK
Transatlantic cables are cables that have been laid along the ocean floor to connect North America and Europe.
That's cool, thanks
  • #6
  • Mar 8, 2007 7:19am Mar 8, 2007 7:19am
so the Fiber (eurusd) was transmitted over fiber optics?

lol. If that is so i would find it funny
  • #7
  • Mar 21, 2007 4:54pm Mar 21, 2007 4:54pm
Guess the chunnel is to do with the channel tunnel between England and France
  • #8
  • Mar 21, 2007 5:05pm Mar 21, 2007 5:05pm
.......or, why do we call buy position long and sell position short?
  • #9
  • Apr 25, 2007 7:42am Apr 25, 2007 7:42am
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)
  • #10
  • Apr 25, 2007 7:47am Apr 25, 2007 7:47am
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)?
  • #11
  • Apr 25, 2007 11:11am Apr 25, 2007 11:11am
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
  • #12
  • Apr 25, 2007 7:06pm Apr 25, 2007 7:06pm
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.]
  • #13
  • Apr 28, 2007 1:35pm Apr 28, 2007 1:35pm
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
  • #14
  • Apr 28, 2007 9:13pm Apr 28, 2007 9:13pm
NZD/USD = Nazgul
  • #15
  • May 6, 2007 3:43pm May 6, 2007 3:43pm
I heard USDCAD is loonie
  • #16
  • May 7, 2007 10:54am May 7, 2007 10:54am
Quoting banzai
I heard USDCAD is loonie

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


Mart
----o00o--°(_)°--o00o----
  • #17
  • May 30, 2007 7:41am May 30, 2007 7:41am
So it was on winter 1906 a.d., GBP/USD rate brought to the world by telegraph cable.. :
| Show Me The Money |
  • #18
  • Jun 6, 2007 2:38am Jun 6, 2007 2:38am
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%
  • #19
  • Jun 21, 2007 1:58am Jun 21, 2007 1:58am
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.
  • #20
  • Jun 25, 2007 5:33pm Jun 25, 2007 5:33pm
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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