Oscar nominations are announced today, with Rachel Weisz and Dame Judi Dench leading the Brits tipped for places on the shortlist.
Keira Knightley and Ralph Fiennes could also feature.
With best supporting actress awards at the Golden Globes and Sunday’s Screen Actors Guild Awards under her belt, Weisz, 34, is thought almost certain to be nominated for the first time for her role in the political thriller The Constant Gardener.
Dame Judi’s performance in Mrs Henderson Presents put her on the best actress shortlist for the Globes and the SAG awards, but she was beaten both times by Reese Witherspoon in Johnny Cash biopic Walk The Line.
The 66-year-old actress, who has three Academy Award nominations behind her, would be up for her second Oscar at the 78th awards on March 5.
She won in 1999 for her eight-minute appearance as Elizabeth I in Shakespeare in Love.
Knightley, who impressed US critics as Elizabeth Bennet in a new adaptation of Jane Austen’s Pride & Prejudice, would be vying for her first Oscar statuette.
She, too, lost out to Witherspoon at the Golden Globes.
Fiennes, who starred opposite Weisz in City of God director Fernando Meirelles’s The Constant Gardener, has also been tipped for a nomination.
But he faces tough competition from the likes of Brokeback Mountain’s Heath Ledger, Joaquin Phoenix in Walk the Line, Capote’s Philip Seymour Hoffman and David Strathairn for Good Night, And Good Luck.
Nick Park and Aardman Animations’ Wallace and Gromit: The Curse of the Were-Rabbit, is tipped for a shortlisting in the best animated feature category.
Ang Lee’s Brokeback Mountain is seen as a certainty in the best picture nominations and the front-runner to win the category, despite losing out to Crash at the SAG awards in a surprise upset.
The moving tale of two cowboys who find an unexpected and enduring love has led earlier Hollywood honours, picking up four Golden Globes and a Directors Guild of America award for Lee.