UK watchdog says Barclays only bank left in its forex probe

LONDON, Nov 12 (Reuters) - Britain's Financial ConductAuthority said Barclays was the only bank it was stillinvestigating in relation to alleged manipulation of currencymarkets.

"Barclays is the only bank that we are currentlyinvestigating from an enforcement perspective," FCA director ofenforcement Tracey McDermott told a news conference.

Barclays had been expected to be part of a coordinatedsettlement on Wednesday when the FCA fined five banks $1.7billion.

McDermott said the watchdog had set out to achieve acoordinated settlement with Barclays as well.

"Barclays concluded that was not the right thing to do. Thatwas a decision for Barclays," McDermott said.

When asked about how much of the total penalty the FCA wouldtake to cover costs, McDermott said FCA would expect to receiveroughly 40 million pounds( $63.7 million).(1 US dollar = 0.6278 British pound) (Reporting by Huw Jones, editing by Clare Hutchison)