London Bankers Look Ahead To 1992: Expect The Song To Remain The Same

BANKS

The big will get bigger and the unsavvy small will drop out--so say London treasury executives about the prospects for forex in 1992. Otherwise, expect more of the same this year--liquidity may pick up slightly but will certainly get no worse. It will still be quite hard to make money as a speculator, but big banks with deep customer bases will do quite well, say traders in London.

"It is tough times for smaller banks--they are finding it harder to compete," admits Ken de la Salle, chief trad

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