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<p id="isPasted">"Cable" is a slang term for the exchange rate between the U.S. dollar (USD) and the British pound sterling (GBP). The term is used among forex traders. It can also refer to the British pound sterling. The word "cable" refers to the early transatlantic telegraph cables laid between London and New York that were used to communicate currency quotes and other data.</p><p>Because the pound and the dollar is one of the most commonly traded currency pairs this slang term is frequently used.</p>
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