CFDs are a leverage product and can involve a significant risk of loss. Trading CFDs may not be suitable for all, therefore you should ensure that you understand the risks involved and take into account your individual circumstances.
Trader's Glossary

What is Cable?

The Cable is the market nickname for both the Great British pound and the GBP/USD currency pair. The term is derived from the telegraph cable that was laid under the Atlantic Ocean in 1858, which was used to synchronise GBP/USD exchange rates.