Nicknamed Cable or the cable (in Forex) is the GBP/USD currency pair rate. The term cable is sometimes used also to refer to the British Pound Sterling itself. The Pound Sterling (£) is the fourth-most-traded currency in the Forex market. Here, paired against the US$ (United States Dollar) the official legal tender of the United States, and GBP/USD extends losses below 1.3700 after the UK Retail Sales missed expectations with 0.3% MoM in December. Broad-based US dollar rebound amid downbeat market mood also weighs on the spot.