Why is GBPUSD called cable? | Forex Factory

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Why is GBPUSD called cable?

  • #1
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  • First Post: May 11, 2006 3:49am May 11, 2006 3:49am
The title question... yes...
  • #2
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  • May 11, 2006 4:54am May 11, 2006 4:54am
The title question... yes...
Transatlantic cables are cables that have been laid along the ocean floor to connect North America and Europe. Before the advent of radio, the only means of communication across the Atlantic Ocean was to physically connect the continents with a transatlantic telegraph cable, which was operative in 1867. The exchange rate between the United States dollar and British pound is still colloquially known as "cable" by financial marketeers on account of the fact that the rate was originally transmitted via a transatlantic cable.
I'm not insane; my mother had me tested.
  • #3
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  • Feb 27, 2007 4:11am Feb 27, 2007 4:11am
Quoting RoBiK
Transatlantic cables are cables that have been laid along the ocean floor to connect North America and Europe. Before the advent of radio, the only means of communication across the Atlantic Ocean was to physically connect the continents with a transatlantic telegraph cable, which was operative in 1867. The exchange rate between the United States dollar and British pound is still colloquially known as "cable" by financial marketeers on account of the fact that the rate was originally transmitted via a transatlantic cable.
Very well explained.
No Brain, no Gain.
  • #4
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  • Feb 28, 2007 1:21am Feb 28, 2007 1:21am
Here are some more,

Fiber - EUR/USD
Geppy - GBP/JPY
Chunnel - EUR/GBP


Mart
----o00o--?_)?-o00o----
  • #5
  • Quote
  • Mar 8, 2007 7:28pm Mar 8, 2007 7:28pm
Quoting RoBiK
Transatlantic cables are cables that have been laid along the ocean floor to connect North America and Europe.
That's cool, thanks
  • #6
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  • Mar 8, 2007 9:19pm Mar 8, 2007 9:19pm
so the Fiber (eurusd) was transmitted over fiber optics?

lol. If that is so i would find it funny
  • #7
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  • Mar 22, 2007 5:54am Mar 22, 2007 5:54am
Guess the chunnel is to do with the channel tunnel between England and France
  • #8
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  • Mar 22, 2007 6:05am Mar 22, 2007 6:05am
.......or, why do we call buy position long and sell position short?
  • #9
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  • Apr 25, 2007 8:42pm Apr 25, 2007 8:42pm
Quoting mart-hart
Here are some more,

Fiber - EUR/USD
Geppy - GBP/JPY
Chunnel - EUR/GBP


Mart
How 'bout

Made in - USD/CNY (chinese yuan)
Matie - USD/AUD (Aussie dollar)
  • #10
  • Quote
  • Apr 25, 2007 8:47pm Apr 25, 2007 8:47pm
Quoting KudzuFX
How 'bout

Made in - USD/CNY (chinese yuan)
Matie - USD/AUD (Aussie dollar)
Why not "Chop Suey" for the USD/CNY (chinese yuan)?
  • #11
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  • Apr 26, 2007 12:11am Apr 26, 2007 12:11am
Quoting rosso832
.......or, why do we call buy position long and sell position short?
I thoought to that too, but the only posible result that i could get was that the nickname for long comes from stock maket(when you buy you keep them for a long time, ussualy, for profit)
"Abandon all hope, you who enter here" La Divina Commedia, Dante Alighieri
  • #12
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  • Apr 26, 2007 8:06am Apr 26, 2007 8:06am
I know I owe you some money but right now I'm a little Short on Cash {I don't own it.} I sold my money to someone else for a brand new BBQ. But that's OK because I have a friend who wants to buy the BBQ and THEN I will be Long on Cash}
[actually flat but hope you get my drift.]
  • #13
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  • Apr 29, 2007 2:35am Apr 29, 2007 2:35am
Quoting RoBiK
Transatlantic cables are cables that have been laid along the ocean floor to connect North America and Europe. Before the advent of radio, the only means of communication across the Atlantic Ocean was to physically connect the continents with a transatlantic telegraph cable, which was operative in 1867. The exchange rate between the United States dollar and British pound is still colloquially known as "cable" by financial marketeers on account of the fact that the rate was originally transmitted via a transatlantic cable.
WOW

nice info

thanx
Every moment in the market is unique
  • #14
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  • Apr 29, 2007 10:13am Apr 29, 2007 10:13am
NZD/USD = Nazgul
  • #15
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  • May 7, 2007 4:43am May 7, 2007 4:43am
I heard USDCAD is loonie
  • #16
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  • May 7, 2007 11:54pm May 7, 2007 11:54pm
Quoting banzai
I heard USDCAD is loonie

The CAD is called the Loonie, not the pair USDCAD.


Mart
----o00o--?_)?-o00o----
  • #17
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  • May 30, 2007 8:41pm May 30, 2007 8:41pm
So it was on winter 1906 a.d., GBP/USD rate brought to the world by telegraph cable.. :
| Show Me The Money |
  • #18
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  • Jun 6, 2007 3:38pm Jun 6, 2007 3:38pm
I have a friend who calls GBP/JPY "piece of shit" as he is holding shorts since March.
Period : 26 Months Account Balance : +264% Max DD : 14.2%
  • #19
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  • Jun 21, 2007 2:58pm Jun 21, 2007 2:58pm
I always thought it was long because the exchange rate was getting longer, ie: EUR/JPY goes from 99.00 to 100.00
And of course, short because the exchange rate is getting smaller, or decreasing.
I could be wrong lol.
  • #20
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  • Jun 26, 2007 6:33am Jun 26, 2007 6:33am
I am not aware of how the terms going long or short came about, but if you think about it a market can only go so low or short (i.e. zero "0") but the sky is the limit on the buy side or long.

Naturally this applies to any tradable market - not just currencies.
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