GBPUSD, often referred to as “The Cable”, a foreign exchange term used to describe the British pound vs the US dollar, is one of the oldest traded currency pairs. In July of 1866, after an earlier failed attempt, the first reliable exchange rate between the British pound and the US dollar was transmitted between the London and New York Exchanges. Optic fibre cables accompanied by satellites handle the Transatlantic communications today.

  • The GBP/USD currency pair is among the world’s most-widely traded currency pairs.
  • It is affected by economic indicators and actions by the central banks in both countries to boost or devalue their currency’s value.

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