06-25-2007, 08:59 AM
|
 |
Senior
|
|
Join Date: Apr 2007
Posts: 105
Thanks: 8
Thanked 25 Times in 12 Posts
|
|
Cable
Quote:
Originally Posted by exni
nice one : CHUNNEL
anyone knows why gbp/$ is named "cable"?
i think it was the first telegraphic quotation, wasn t it?
well... as far as $/yen is concerned why dont we call it the "FUKU-I" ; just as a reminder of the jap CB head but mostly how close to zero this Curr can get as in "F*** the people"....?
|
The nick Cable on GBP/USD refers to the Atlantic Cable, a steel cable laid under the Atlantic Ocean in 1850, telegraphically linking the UK with the USA, enabling messages with currency prices to be transmitted between the London and New York Exchanges. Today we are now using fiber optics to transmit these messages but the term cable is still used by traders.
__________________
++++may the Force Index Be With You++++
|