Forex Slang

Cable

Forex slang for the GBP/USD currency pair, one of the oldest and most traded pairs.

Definition

Cable is the traditional nickname for the GBP/USD (British Pound/US Dollar) pair. The name dates back to the mid-1800s when the exchange rate was transmitted between London and New York via a transatlantic telegraph cable under the ocean.

How It Works

"Buying Cable" = going long GBP/USD
"Selling Cable" = going short GBP/USD
One of the most liquid currency pairs
Third most traded pair after EUR/USD and USD/JPY

Trading Tips

Most volatile during London session

Sensitive to Bank of England decisions and UK politics

Often moves with EUR/USD but can diverge on UK-specific news

Related Terms

Back to Glossary

Start Trading

Put Your Knowledge Into Practice

Compare regulated brokers and find the best one for your trading style.

Compare Brokers Browse Glossary