Cable – What is Cable in forex?

What is Cable?
Definition of Cable: Cable can be explained as a Forex jargon generally utilized among the currency traders especially when one refers the British Pound. This specific term is derived in 1800 when the Pound was prevailing and the money was repeatedly wired between Europe and North America through the help of transatlantic cable. It is also sometimes referred as Sterling, attained from the time since the money was hooked to silver. During that specific time, one British Pound meant one pound in silver.