Lexicon

The term 'Cable' is informal jargon used to denote the currency pair of the British Pound (GBP) and the United States Dollar (USD). This nickname is among several colloquial terms for various currency pairs in the financial markets. The origins of the term trace back to when the GBP/USD exchange rate was initially transmitted across the Atlantic Ocean via a telegraph cable. Over time, 'Cable' has not only come to represent this specific currency pair but is also occasionally used to refer to the price of the British Pound in and of itself.