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Cable is slang for the GBPUSD currency pair.
It is one of a few slang terms for different currency pairs.
The term originated from the exchange rate originally being transmitted by a transatlantic cable, and the name stuck.
Occasionally, people also refer to the price of the British pound as cable.
Forex trading is the simultaneous buying of one currency and selling another. When you trade in the forex market, you buy or sell in currency pairs. As the value of one currency rises or falls relative to another, traders decide to buy or sell currencies to make profits. Retail forex traders participate in the forex market […]
The Guernsey Pound (GGP) is the official currency of Guernsey, a British Crown Dependency in the English Channel off the coast of Normandy.
The Gibraltar Pound (GIP) is the official currency of Gibraltar, a British Overseas Territory located at the southern tip of the Iberian Peninsula.
Forex stands for “foreign exchange” and refers to the buying or selling of one currency in exchange for another. While it is called “foreign” exchange, this is just a relative term. The terms “foreign” and “domestic” are relative to the person using the term. What is foreign to someone is considered domestic to another. “Currency exchange” […]
The Saint Helena Pound (SHP) is the official currency of the British Overseas Territory of Saint Helena, Ascension, and Tristan da Cunha.
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