GBP: USD :: 2.000 - 2.015 Say you wanted to know what USD:GBP bid/ask spread was, how would you do that–is it simply a matter of taking the inverse of each (i.e. USD:GBP ::0.496 - 0.5000)?
The bid for the USD:GBP rate is the reciprocal of the GBP:USD ask The ask for the USD:GBP rate is the reciprocal of the GBP:USD bid I don’t have a calculator and I’m lazy, but your numbers look correct.
Yes you are correct.