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Cable


In forex trading, Cable is the nickname used by traders to refer to the pound sterling/US dollar currency pair.

The name refers to a time when the British Pound was the world’s most traded currency. At the time there was a transatlantic telegraph cable laid under the sea to connect London and New York, allowing for communication and a more accurate setting of exchange rates.

It is still used to refer to the GBP/USD currency pair but also to GBP on its own. Great Britain’s dominance waned after the first and second World Wars.

Today GBP is the world’s 4th most traded currency.

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Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70,70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure