Cable
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Cable
A technical term in foreign exchange trading that refers to the currency pair British pound to US dollar (GBP/USD).
Der Trader analysierte den Chart des Cable, um eine Handelsentscheidung zu treffen.
The trader analyzed the Cable chart in order to make a trading decision.
The word 'Cable' is a technical term from finance, specifically foreign exchange trading. It is not used in everyday language.
Die Analysten erwarten, dass das Cable heute an Wert gewinnen wird.
The analysts expect the Cable to gain value today.
'Cable' refers exclusively to the currency pair British pound to US dollar (GBP/USD). It is not used for other currencies or for a physical cable in this context.
Er hat seine Position im Cable geschlossen, als der Kurs fiel.
He closed his position in the Cable when the exchange rate fell.
The name comes from the transatlantic telegraph cable that was used in the 19th century to transmit exchange rates between London and New York. Knowing this can help you remember it.
Die Geschichte des Cable ist eng mit der Globalisierung der Finanzmärkte verbunden.
The history of the Cable is closely connected to the globalization of financial markets.