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fun fact > The term cable is a slang term used by foreign exchange traders to refer to the exchange rate between the pound sterling and US dollar. The term ori
by jgalt212 2y ago
fun fact
> The term cable is a slang term used by foreign exchange traders to refer to the exchange rate between the pound sterling and US dollar. The term originated in the mid-19th century, when the exchange rate between the US dollar and sterling began to be transmitted across the Atlantic by a submarine communications cable.
-- wiki