Why 'cable' | Forex Factory

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Why 'cable'

  • #1
  • First Post: Feb 25, 2008 3:52am Feb 25, 2008 3:52am
Just curious:

How did the GBP come to be called the 'cable'?

Many thanks,
  • #2
  • Feb 25, 2008 5:49am Feb 25, 2008 5:49am
http://en.wikipedia.org/wiki/Trans-Atlantic_cable

Great site Wiki
The greatest enemy of a good plan is the dream of a perfect plan.
  • #3
  • Feb 25, 2008 6:24am Feb 25, 2008 6:24am
Quoting steve10%
http://en.wikipedia.org/wiki/Trans-Atlantic_cable

Great site Wiki
But why is the term used as 'slang' for the GBP?
  • #4
  • Feb 25, 2008 6:41am Feb 25, 2008 6:41am
Quoting achalk
But why is the term used as 'slang' for the GBP?
Did you even read it?

Quote
The transatlantic cable bridged North America and Europe, and expedited communication between the two. Whereas it would normally take at least ten days to deliver a message by ship, it now took a matter of minutes by telegraph.
  • #5
  • Feb 25, 2008 7:18am Feb 25, 2008 7:18am
Quoting traderjai_inhi
Did you even read it?
Quote:
Originally Posted by achalk http://www.forexfactory.com/images/buttons/viewpost.gif
But why is the term used as 'slang' for the GBP?

Did you even read it?
  • #6
  • Feb 25, 2008 7:28am Feb 25, 2008 7:28am
Quoting achalk
Quote:
Originally Posted by achalk http://www.forexfactory.com/images/buttons/viewpost.gif
But why is the term used as 'slang' for the GBP?

Did you even read it?
Go back to Wiki and search for {cable(foreign exchange)}

You have to be prepared to read between the lines and search a bit yourself
The greatest enemy of a good plan is the dream of a perfect plan.
  • #7
  • Feb 25, 2008 10:20pm Feb 25, 2008 10:20pm
somebody asked this question a while ago.. http://www.forexfactory.com/showthread.php?t=5290
  • #8
  • Last Post: Feb 25, 2008 10:43pm Feb 25, 2008 10:43pm
Quoting hellofx
somebody asked this question a while ago.. http://www.forexfactory.com/showthread.php?t=5290
Thanks!
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