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Cable
Cable, also known as is a term used in slang language among Forex traders to indicate the swap rate between British Pound Sterling and U. S. dollar.
A wide usage of this term takes its origins from 1880s because of transatlantic cable, which was used to transfer the exchange rate of the major currency between Britain and the USA.
Furthermore, cable is used as a slang term in the forex market for the name of British Pound Sterling.
Related: Sterling
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