The term dates its origins to the 19th century. In the 1800s, the exchange rate between the U.S. dollar and British pound was transmitted across the Atlantic by a large cable that ran across the ocean floor between the two countries. Since that time the exchange rate has been referred to as the cable.
Then, how much is 12p in US dollars?
12 GBP to USD = 15.0530 US Dollars.
Likewise, what's the strongest The pound has ever been?
The strongest the pound has ever been against the euro is 1.7331. It reached this point on October 27th 2000. We'll give you a pound to euro exchange rate guaranteed to beat your high street bank.
Why is the pound so weak?
It was down to the immense strength of the dollar at the time. The present weakness has been caused by jittery markets as MPs return from summer recess and the chances of a general election rising, causing more Brexit uncertainty and angst.
What's the weakest currency in the world?