Cable is one of several slang terms for various currency pairs, in this case the British pound sterling versus the US dollar. This can also be displayed as GBP/USD or GBPUSD. The price of the British pound is sometimes referred to as cable.
The nickname GBP/USD comes from the cable that runs beneath the Atlantic Ocean and was used to transmit the exchange rate between the US dollar and the British pound. Despite the fact that technology has rendered the cable obsolete, the name has stuck.
Other currency pair nicknames include the loonie, which refers to the Canadian dollar versus the US dollar, and the Swissy, which refers to the Swiss franc versus the US dollar. Because the US dollar is the most commonly used quote currency, the majority of nicknames are for currencies against it.

In trading, "cable" is a colloquial term used to refer to the exchange rate between the British Pound (GBP) and the US Dollar (USD), denoted as GBP/USD. The term originated in the mid-19th century when exchange rates were transmitted across the Atlantic Ocean via underwater telegraph cables. As one of the oldest and most traded currency pairs in the forex market, cable is highly liquid and widely watched by traders. It reflects the economic dynamics between the UK and the US, influenced by factors such as interest rates, economic data, and geopolitical events. Traders analyze cable for trends, volatility, and trading opportunities, making it a key instrument in global forex trading strategies. Its historical significance and liquidity continue to make it a popular choice among traders.