Cable
Forex slang for the GBP/USD currency pair, one of the oldest and most traded pairs.
Quick answer
Cable is the traditional nickname for GBP/USD, dating to the 1800s when the rate crossed the Atlantic by telegraph cable. It is one of the most traded pairs in the world.
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
1
Most volatile during London session
2
Sensitive to Bank of England decisions and UK politics
3
Often moves with EUR/USD but can diverge on UK-specific news
Related Terms
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