Cable
Forex slang for the GBP/USD currency pair, one of the oldest and most traded pairs.
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
Start Trading
Put Your Knowledge Into Practice
Compare regulated brokers and find the best one for your trading style.