“Cable” is one of the oldest and most actively traded currency pairs in the global forex market. It represents the exchange rate between the British pound (GBP) and the U.S. dollar (USD). Traders, analysts, and financial institutions use the nickname daily because GBP/USD plays a major role in international trade, global finance, and currency speculation.
GBP/USD is known for its relatively high liquidity and steady flow of market activity from both London and New York — two of the world’s largest financial centers. Movements in the Cable are influenced by economic reports, interest rate decisions from the Bank of England and the Federal Reserve, political developments, and changes in global risk sentiment.
Because Cable is so widely traded, it often reflects broader trends in currency markets. Tracking its behavior can provide insights into how investors view the UK and U.S. economies relative to each other.
Cable is one of the most important currency pairs for global trading and investment. It affects international business, hedging strategies, and financial markets across both Europe and the United States.
Key influences include interest rate decisions, inflation trends, GDP growth, and employment data from both the UK and the U.S. Political events, such as elections or policy changes, can also cause sharp moves. Because both currencies are major global players, even small changes in expectations can shift Cable significantly.
Cable can experience rapid intraday swings due to overlapping trading sessions in London and New York. Traders monitor volatility to adjust position sizes, manage risk, and identify potential short-term opportunities. Higher volatility often appears around economic announcements, central bank commentary, or unexpected geopolitical news.
Cable is more sensitive to UK-specific events than pairs like EUR/USD, which reflect broader European conditions. It also tends to move more sharply than some other major pairs, making it appealing for active traders who rely on price momentum, but still stable enough for long-term analysis and hedging strategies.
If GBP/USD moves from 1.25 to 1.28, it means that the British pound has strengthened, and it now takes more U.S. dollars to buy one pound. Traders monitor these changes to adjust their positions or hedge international exposure.
FinFeedAPI’s Currency API provides real-time and historical GBP/USD data. Developers use this information for FX dashboards, trading models, risk tools, and applications that monitor movements in major currency pairs like Cable.
