bid ask confusion

looks like the question is messed up, bid price should be less than the ask. But, the idea is that the dealer would buy GBP at the bid price, so 1MM GBP = 1.2MM EUR it’s the positions of the quote that matters (i.e. quoted as bid-ask) not the actual numbers since they appear to be wrong.

OK cool…just wanted to make sure I wasn’t losing my mind. Thanks for the help guys. As always, much appreciated.