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Cable refers to the exchange rate between the US dollar (USD) and the British pound (GBP) in the forex market. It is one of the most traded currency pairs in the world, and its market movements are closely monitored by investors globally.
The term ‘cable’ originated in the mid-19th century when the exchange rate between the two currencies were communicated across the Atlantic Ocean via a submarine communications cable. Though modern technology has since made communication much more efficient, the term ‘cable’ remains in use today in reference to GBP/USD.
Traders can trade the cable currency pair in many ways.
Trading GBP/USD: Traders can buy or sell the currency pair in the forex market, depending on how they think its exchange rate will fluctuate. If they believe the price of GBP/USD will rise, they will buy the currency pair. Conversely, if they believe it will fall, they will sell the currency pair.
Cable futures: Traders can also use futures contracts to speculate on the future price movements of the cable. By purchasing cable futures, they make agreements to buy or sell the currency pair at a future date at a predetermined price.
Cable options: Traders can purchase cable options to hedge their currency exposure or to speculate on the price movements of the cable without owning the currency pair. By buying cable options, they have the right, but not the obligation, to buy or sell the cable on or before a certain date.
Cable CFDs: Traders can buy cable CFDs to speculate on the price movements of the cable without owning the currency pair. CFDs enable them to go long or short, and traders can use leverage to increase the exposure of their position in the forex market.
ADSS offers a range of global markets for traders, with opportunities in indices, commodities, forex, equities and more. We also feature tutorials, how-to guides, and weekly webinars to help you navigate the financial markets and find better trading opportunities. You can start trading and investing online by opening a live trading or demo trading account.
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Investing in CFDs involves a high degree of risk that you will lose your money due to the use of leverage, particularly in fast moving markets, where a relatively small movement in the price can lead to a proportionately larger movement in the value of your investment. This can result in loses that exceed the funds in your account. You should consider whether you understand how CFDs work and you should seek independent advice if necessary.
ADS Securities LLC (“ADSS”) is authorised and regulated by the Securities and Commodities Authority (“SCA”) in the United Arab Emirates as a trading broker for Over the Counter (“OTC”) Derivatives contracts and foreign exchange spot markets. ADSS is a limited liability company incorporated under United Arab Emirates law. The company is registered with the Department of Economic Development of Abu Dhabi (No. 1190047) and has its principal place of business at 8th Floor, CI Tower, Corniche Road, P.O. Box 93894, Abu Dhabi, United Arab Emirates.
The information presented is not directed at residents of any particular country outside the United Arab Emirates and is not intended for distribution to, or use by, any person in any country where the distribution or use is contrary to local law or regulation.
ADSS is an execution only service provider and does not provide advice. ADSS may publish general market commentary from time to time. Where it does, the material published does not constitute advice, or a solicitation, or a recommendation to a transaction in any financial instrument. ADSS accepts no responsibility for any use of the content presented and any consequences of that use. No representation or warranty is given as to the completeness of this information. Anyone acting on the information provided does so at their own risk.
