UK Banks Anticipate Firm Year-End Results From FX

LONDON--The five major UK banks are expected to report another year of strong annual FX trading revenues over the next three weeks, reflecting sustained volatility in the markets last year, say market officials in London.

The major US banks have already reported a solid year in FX with most banks showing sizeable increases in revenues due to high levels of volatility during the first three quarters of the year, (FXW, January 25 & February 1).

The UK banks are likely to have benefited from the same