What is the "cable"?

What is the "cable"?

Gbpusd

Yes Ren is correct. Here is the reason.

<TABLE id=Table2 cellSpacing=1 cellPadding=1 width="100%" border=0><TBODY><TR><TD class=dic_termdefs vAlign=center width="85%">In the context of the forex market, the exchange rate between the U.S. dollar and the British pound sterling. Because it is the norm in forex for most major currencies to be quoted against the U.S. dollar on a regular basis, "cable" is a commonly used term.

"Cable" can also be used to refer simply to the British pound sterling.

For example, you may hear someone dealing with the forex market saying, "The cable is up today," or, "The cable has been trending lower lately."

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.

Forex brokers are sometimes referred to as "cable dealers".


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Thanks!

Further:

Cable = gbpusd

Loonie = usdcad (from loonie bird on canadian money)

Ozzie = aususd ('cause Ozzie sounds like Aussie and Aussies live in the land of Oz)

Yuppy = eurjpy

Swissy = usdchf ('cause it is the "Swiss" franc. Oh, and the official name of Switzerland is "Confederation Helvetica", so it's chf instead of swf)

Further further..

Check out this post:
http://www.forexfactory.com/forexfor...47&postcount=2

P.S.
Thanks for the "Confederation Helvetica" Dial. I was looking for an explanation for the CH in CHF... Now I know... hooray!
Still have to improve my research skills..

Coz the Canadian $1.00 Coin has the image of a Loon [wetlands bird] on the 'B' side.

We're thinking of putting out a $5.00 coin with an image of the Boreal Forest on the 'B' side and calling it a Woodie. Whatcha think? :

Prolly not a good idea. It would be too easy to confuse with the US Wooden Nickel! :

BTW, does anyone know the exchange rate between a Wooden Nickel and a Plug Nickel?

You already know what is "Kiwi".

Dictionary.com

5 entries found for cable.

A strong, large-diameter, heavy steel or fiber rope.
Something that resembles such steel or fiber rope.
Electricity. A bound or sheathed group of mutually insulated conductors.
Nautical.
A heavy rope or chain for mooring or anchoring a ship.
A cable length.
A cablegram.
Cable television.

v. ca·bled, ca·bling, ca·bles
v. tr.

To send a cablegram to.
To transmit (a message) by telegraph.
To supply or fasten with a cable or cables.

v. intr.
To send a cablegram.


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[Middle English, from Old North French, from Late Latin capulum, lasso, from Latin capere, to seize. See kap- in Indo-European Roots.]
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cabler n.


Ca·ble ( P ) Pronunciation Key (kbl), George Washington. 1844-1925.

American writer whose works, including short stories and the novel The Grandissimes (1880), concern social order and racial discord in the South.


Cable

In the context of investing, it refers to the exchange rate between the U.S. dollar and the British pound sterling.

Investopedia Commentary

Sometimes FOREX brokers are referred to as "Cable Dealers."


cable

n 1: a telegram sent abroad [syn: cablegram, overseas telegram] 2: a conductor for transmitting electrical or optical signals or electric power [syn: line, transmission line] 3: a very strong thick rope made of twisted hemp or steel wire 4: a nautical unit of depth [syn: cable length, cable's length] 5: television that is transmitted over cable directly to the receiver [syn: cable television] 6: a television system transmitted over cables [syn: cable television, cable system, cable television service] v 1: send cables, wires, or telegrams [syn: telegraph, wire] 2: fasten with a cable; "cable trees"