Cable

Cable is a term used in the financial markets to refer to the exchange rate between two currencies. It is also known as the Sterling/Dollar rate, as it was originally the exchange rate between the British Pound and the US Dollar. The term is derived from the days when the exchange rate was transmitted via a transatlantic cable between the two countries.

History of Cable

The term “Cable” was first used in the late 19th century, when the exchange rate between the British Pound and the US Dollar was transmitted via a transatlantic cable. This cable was used to send the exchange rate between the two countries, and the term “Cable” was used to refer to the exchange rate. The term has since been adopted by the financial markets to refer to the exchange rate between any two currencies.

The exchange rate between the British Pound and the US Dollar has been an important factor in the global economy since the 19th century. The exchange rate between the two currencies has been used as a benchmark for other currencies, and has been used to measure the relative strength of the two economies. The exchange rate between the two currencies has also been used to measure the relative strength of the two countries’ currencies.

Table of Comparisons

Summary

Cable is a term used in the financial markets to refer to the exchange rate between two currencies. It is also known as the Sterling/Dollar rate, as it was originally the exchange rate between the British Pound and the US Dollar. The exchange rate between the two currencies has been an important factor in the global economy since the 19th century, and has been used as a benchmark for other currencies. For more information about this term, you can visit websites such as Investopedia, Bloomberg, and the Bank of England.

See Also

• Exchange Rate
• Foreign Exchange
• Currency Pair
• Currency Conversion
• Currency Swap
• Currency Futures
• Currency Options
• Currency Arbitrage
• Currency Hedging
• Currency Risk

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