Last Updated on: 16th February 2021, 02:52 pm
The Cable is a slang term used by forex traders, particularly to refer to the exchange rate of the GBP/USD currency pair. According to etymology, it roots in the 19th century when the large cable was used to transmit the exchange rates between USD and GBP across the Atlantic. Since then, the cable is used to refer to GBP/USD.
Vincent Nyagaka is a Professional Trader, Analyst & Author. He has been actively engaged in market analysis for the past 7 years. He has a monthly readership of 100,000+ traders and has taught over 1,000 students since 2014. Vincent is also an experienced instructor and public speaker. Check out Vincent’s Professional Trading Course here.