Cable shoots higher after the BOE decision. About 40% of those surveyed expected the bank to...


Cable shoots higher after the BOE decision. About 40% of those surveyed expected the bank to boost its QE program after last meeting's minutes and some leading talk from Governor King, but it's Mark Carney's bank now - even if he doesn't start his job until July. Sterling (FXB) +0.3% to $1.5057.

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Comments (2)
  • User 509088
    , contributor
    Comments (1704) | Send Message
     
    cable? a term i'm unfamiliar with regarding the pound/us.
    7 Mar 2013, 09:05 AM Reply Like
  • SA Editor Stephen Alpher
    , contributor
    Comments (562) | Send Message
     
    "Many forex traders and commentators also use the traditional term "Cable" to refer to the GBP/USD currency pair. This nickname arose historically from the Trans-Atlantic telegraph cable that was used to transmit the value of that pair's exchange rate from Britain to the United States."

     

    http://bit.ly/VKhKzk
    7 Mar 2013, 09:12 AM Reply Like
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