An Airwallex GBP Global Account works similarly to a foreign bank account, except that you won’t ever need to convert currency unnecessarily. Send and receive GBP to other accounts in the UK, hold GBP in your account and schedule regular payments or bills.
Airwallex comes without opening fees, monthly account fees, and you’ll only pay a small 0.3% or 0.6% fee when you need to convert GBP back to AUD.