Cable

Cable is what the currency pair GBPUSD has been called since the 19th century, since, back then, the New York and London stock exchanges were connected by a trans-Atlantic cable. Regarding its trade volume, this instrument is only surpassed by EURUSD and USDJPY and is considered as having high liquidity as the pair contains the first and third reserve world currencies. By the same token, trading using the cable is highly volatile.