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[Luke101]

I hear many people talking about cable. What country is this and where can I find the cable pairs?
Thanks

[zupcon]

GBPUSD - so called because the GBPUSD rate used to be transmitted across the Atlantic via telegraph

[rollingstone]

On a similar subject, does anyone know why the CAD is known as the Loonie, is it just because they have a border with the US, or because they leave strait up to the frozen wastes of the pole.

[zupcon]

I think its something to do with the Canadian Loon (a kind of bird) which appears on their dollar coins

[rollingstone]

Good answer - you are probably right.

[michlou]

Originally Posted by Luke101

I hear many people talking about cable. What country is this and where can I find the cable pairs?
Thanks

That would be the GBP/USD. The Great Britain Pound and the United States Dollar.

[Croesus]

Originally Posted by zupcon

I think its something to do with the Canadian Loon (a kind of bird) which appears on their dollar coins

That's right!
One dollar coin has a loon on the side opposite the Queen.

[Cutten13]

Which broker has the lowest spread on Cable??

[JohnJay]

I think the Cable refers to the GBP only. See the book: The Part-Time Currency Trader, p16.

When people say Cable pairs, they refer to the currency pairs that have the GBP with them. Eg. GBPJPY, GBPUSD, GBPCHF.

To use it in a sentence: Cable has rallied nicely against the Yen the past week. (Source: click here)This indicates that the GBPJPY went up.