answersLogoWhite

0

GBP/USD is commonly referred to as "Cable" because of the historical use of undersea cables to transmit the exchange rate between the UK and the US. The term originated in the 19th century when the first transatlantic cable was laid, allowing for real-time communication of currency prices. Over time, "Cable" became a shorthand reference for this currency pair among traders and market participants.

User Avatar

AnswerBot

2mo ago

What else can I help you with?

Related Questions

What is the nickname of GBPUSD?

The GBPUSD pairing is known by traders as the cable, which has its origins from the time when a communications cable under the Atlantic Ocean synchronized the GBPUSD quote between the London and New York markets.Furthermore, cable is used as a slang term in the forex market for the name of British Pound Sterling.---Cable is indeed correct for GBP/USD. Most pairs have nicknames. EUR/USD is nicknamed fiber.


If the GBPUSD exchange rate is 1.7596 then how much is one dollar worth?

1.05


Which technology is sometimes referred as wireless cable?

MMDS


What is stright throw cable?

A straight-through cable is the opposite of a crossover cable, and is the most common type of network cable.Usually they are just referred to regular CAT-5 cables.


What is the popular name used for the PC to TV cable?

A cable that links a PC to a TV is often referred to as a VGA/HDMI cable. These cables can be purchased at various lengths from all good electronics stores, such as Amazon.


What is a cable car driver called?

A cable car driver is commonly referred to as a "cable car operator" or "cable car conductor." Their responsibilities include operating the cable car, ensuring passenger safety, and managing the vehicle's movement along the cable system. In some contexts, they may also be called a "motorman" or "driver."


What is a cable rope?

For ropework a cable is simply a large rope, whether made of metal, hemp, or synthetic material. Wire rope and other rope is usually referred to as cable when it gets larger than 1 inch in diameter.


What is an RF input?

An RF (Radio Frequency) input is the technical term for a coaxial/antenna input on the back of a television. This input is often referred to as simply 'cable' or 'cable vision'.


What is a video filter on my cable internet connection?

Without getting too technical. Since a the cable connnection for your internet also carries the spectrum of frequencies to view any analogue cable station, most often referred to as Basic Cable. Most cable companies will install a video filter on the line, which blocks these frequencies while still allowing the necessary one's for the internet connection.


What type of broadband technology is referred as catv?

CATV usually refers to Community Antenna Television (Cable) Although it can also be an version of Cat5 (V = Roman numeral for 5) which is a category of ethernet network cable.


What is another name for an anchor chain?

Another name for an anchor chain is a "cable." In nautical contexts, it may also be referred to as a "chain cable," which specifically denotes the heavy chain used to connect an anchor to a vessel.


What cable do you need for subwoofer?

To connect a subwoofer, you typically need a subwoofer cable, often referred to as an RCA cable. This cable usually has a single RCA connector on each end, designed to carry low-frequency signals from the receiver or amplifier to the subwoofer. If your subwoofer and receiver support it, you may also use a balanced XLR cable for a more robust connection, especially in professional audio setups.