Donate SIGN UP
Home > Business & Finance > Sterling - Cable?

Sterling - Cable?

Avatar Image
johnw4 | 13:19 Sat 08th Apr 2006 | Business & Finance
3 Answers

Why is the Pound Sterling also called 'Cable' in financial circles?

prev Deed of Trust
  
next CF1 Anyone else doing this exam?
Gravatar

Answers

1 to 3 of 3rss feed

Best Answer

No best answer has yet been selected by johnw4. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
Avatar Image Ethel
As far as I know, it isn't!

K is equivalent to 1,000 and so �20000 may be referred to as 20k, could this be what you are thinking of?
13:57 Sat 08th Apr 2006
Avatar Image El D
Cable is actually the tag for the $/� exchange - I believe it simply stems from when information was exchanged via an Atlantic cable.
12:27 Sun 09th Apr 2006
Avatar Image billk

the cable was laid from the UK to the USA that is also why cable is referred to as GBP so to buy or sell cable is to buy or sell GBP against USD

13:58 Mon 05th Jun 2006

1 to 3 of 3rss feed

Do you know the answer?

Sterling - Cable?

Answer Question >>

Related Questions

Sorry, we can't find any related questions. Try using the search bar at the top of the page to search for some keywords, or choose a topic and submit your own question.