Cable in Forex
A clear definition of Cable, with practical context for reading markets and making better trading decisions.
Definition
Definition
Cable is forex-market slang for the GBP/USD currency pair. The nickname is historical; on a modern platform it simply refers to the exchange rate between the British pound and the US dollar.
How It Works
This term can appear around accounts, brokers, market structure, or financial commentary. Its exact implementation can vary by jurisdiction, venue, or provider, so the label should be read together with the surrounding documentation.
Why It Matters
Level 2 is about becoming market-literate before a first demo trade. Recognizing the term helps you understand what a platform, broker document, or market report is actually describing.
Key Takeaway
Cable is forex-market slang for the GBP/USD currency pair.
Practical forex example
Why Cable matters
Understanding Cable helps traders interpret market information, plan decisions, and manage risk with more context.
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