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Cable (foreign exchange) - Wikipedia Cable (foreign exchange) The term cable is a slang term used by foreign exchange traders to refer to the exchange rate between the pound sterling and US dollar [1] The term originated in the mid-19th century, when the exchange rate between the US dollar and sterling began to be transmitted across the Atlantic by a submarine communications cable
Exchange controls in the United Kingdom - Wikipedia Exchange controls, also known as capital controls and currency controls, limiting the convertibility of Pounds sterling into foreign currencies, operated within the United Kingdom from the outbreak of war in 1939 until they were abolished by the Conservative Government of Prime Minister Margaret Thatcher in October 1979
Pound sterling - Wikipedia Sterling (symbol: £; currency code: GBP) is the currency of the United Kingdom and nine of its associated territories [3] The pound is the main unit of sterling, [4][b] and the word pound is also used to refer to the British currency generally, [7] often qualified in international contexts as the British pound or the pound sterling [4] Sterling is the world's oldest currency in continuous
Reserve currency - Wikipedia The British pound sterling, in particular, was poised to dislodge the Spanish dollar's hegemony as the rest of the world transitioned to the gold standard in the last quarter of the 19th century At that point, the UK was the primary exporter of manufactured goods and services, and over 60% of world trade was invoiced in pounds sterling
Currency pair - Wikipedia Here, EUR is the base currency and USD is the quote currency (counter currency) This means that 1 Euro can be exchangeable to 1 25 US Dollars The most traded currency pairs in the world are called the Majors They involve the currencies euro, US dollar, Japanese yen, pound sterling, Australian dollar, Canadian dollar, and the Swiss franc
Early American currency - Wikipedia The prevalence of the Spanish dollar throughout the colonies led to the money of the United States being denominated in dollars, rather than pounds [3] One by one, colonies began to issue their own paper money to serve as a convenient medium of exchange
Exchange rate - Wikipedia Exchange rates display in Thailand There is a market convention that rules the notation used to communicate the fixed and variable currencies in a quotation For example, in a conversion from EUR to AUD, EUR is the fixed currency, AUD is the variable currency and the exchange rate indicates how many Australian dollars would be paid or received for 1 euro In some areas of Europe and in the