25
January
2018

Cable /

Cable

Business Term of the Day

Definition

Cable is a slang term for the GBP/USD exchange rate.

Example sentence

Mr. Summers predicted that the expected rise in the U.S. inflation rate would substantially reduce the cable in the second quarter.

Comment

This term originates from the first transatlantic telegraph cable which started successfully transmitting prices of the British pound and the U.S. dollar in 1866. Cables are still a primary method for communication between continents, with telegraph being replaced first by telephone and most recently by fiber-optic cables. In the U.S., the term also refers to the pound sterling itself.

Definice

Cable je slangový termín pro směnný kurz GBP/USD.

Příklad použití ve větě

Pan Summers predikoval, že očekávaný růst míry inflace v USA může výrazně snížit cable ve druhém čtvrtletí.

Poznámka

Tento termín pochází z prvního transatlantického telegrafního kabelu, který začal úspěšně přenášet ceny britské libry a amerického dolaru roku 1866. Kabely jsou stále primárním způsobem komunikace mezi kontinenty. Telegraf byl nejprve nahrazen telefonem a nejnověji optickými kabely. Ve Spojených státech tento termín také označuje samotnou britskou libru.

Business Term of the Day

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English Editorial Services’ mission is to assist international businesses and organizations of all sizes to communicate clearly, correctly, and persuasively with their business partners and target audiences.

Simply subscribe to receive our Business Term of the Day at no charge to your inbox each business day, with explanation in English and Czech.

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