Cable: The Foreign Exchange Market Reference For The USD/ GBP

Category: Finance, Currency Trading.

There are many instances when we hear or read numerous words and phrases, but are rather uncertain of their exact meaning. Of course, other trades have their own language, like the legal boys for instance.

The foreign exchange is only one part of the financial world of many sections, each of which seems to have its own expressions and jargon, as if it was all designed only for those with professional or specialised knowledge of the subject. It is not too difficult to get to know what it all means, and if one can learn some of the important words and expressions, it makes life that much easier. Bank Rate: This refers to the rate at which a central bank will lend to its domestic banks. Here are a few expressions you will run into, the answers to which you may find useful: World Bank: The bank consists of IMF members, and helps by making loans to member countries, particularly when money from the private sector is not offered. Basis Point: One per cent of one per cent. Consumer Confidence: This is an indicator of economic conditions run by the Conference Board. Cable: The foreign exchange market reference for the USD/ GBP.

All over the country, some 5000 consumers are surveyed monthly, the degree of confidence being associated with the volume of consumer spending. Cross Rate: This is a rate between two currencies of which neither is the USD. Covered Call: The Foreign Exchange Market uses this name for the rate USD/ GBP. CHIPS: Clearing House Interbank Payments System. Disposable Income: Money earned after tax. 1Eurodollars: USD on deposit in a bank outside of USA. 1LIBOR: London Interbank Offered Rate. 1Liquid Assets: These are various assets which can be quickly converted into cash. 1Easing: A price decline. 1Economic Indicator: Data indicating economic growth, taking into account for example, employment, retail sales, rates, etc. 1Liquidity: The competence of a market to undertake sizable transactions. 1Resistance Level: A summit of a price level at which point the supply is greater than the demand. 1Bull Market: A period of time when prices are seen to be rising. 1Bear Market: A period of time when prices are seen to be falling. 1Market Rate: Is the up- to- date quote of a currency pair. 2Pip: refers to the 4th decimal point i. e. 0001 of any foreign currency. 2Fill Price: This is the price at which the order for buy or sell was executed. 2Households Survey: The number of people that are employed, the labour force in general, and the rate of unemployment.

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