Why gbp usd is called cable

To find the reverse rate, i. On the right, the rate shown is 1. That means it costs 1. National Archives. Accessed May 6, International Monetary Fund. European Union. Your Privacy Rights. To change or withdraw your consent choices for Investopedia. At any time, you can update your settings through the "EU Privacy" link at the bottom of any page. These choices will be signaled globally to our partners and will not affect browsing data. We and our partners process data to: Actively scan device characteristics for identification.

I Accept Show Purposes. Your Money. Personal Finance. Your Practice. Popular Courses. Table of Contents Expand. What Is "Cable"? CFDs are complex instruments. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.

View more search results. Cable is one of a few slang terms for different currency pairs; in this case referring to British pound sterling against the US dollar. Occasionally, people also refer to the price of the British pound as cable. Cookies are files stored in your browser and are used by most websites to help personalise your web experience. Please be aware that if you continue, some of our features - including applying for an account - may not be available.

Cable Start investing today or test a free demo Open real account Try demo Download mobile app Download mobile app. Personal Finance. Your Practice. Popular Courses. Key Takeaways When the currency pair is the British pound and the U. The slang dates from the days of the transatlantic cable that enabled faster communications between London and New York.

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