Dinah, Finance Manager of a Computer Support Company
Kenneth, Accounts at a Tea and Coffee Company
Adrian, Accounts at a Computer Consultancy
Melanie, Finance Manager at an Industrial Supplies Company
Karen, Managing director of a Lighting company
Reza, Director of a Confectionery Company
Turlough, Corporate Controller at a Pharmaceuticals Company
Nicola, Accounts at an Agricultural Equipment Importer
Bob, Director of an Industrial Tooling Company
Alp, Director of a Food Importer
George, Accountant at a Catering Company
Geraint, Finance Director of a School Trip Company
Caroline, Finance at a Software Company
Rachel, Director of an Office Supplies Company
Brad, Director of a Property Development Company
Nikki, Director of an Adhesives Company
Andrew, Director of a Packaging company
Ben, owner of a Travel Company Owner
Nicky, Accountant at a Packaging Company
Marc, Director of a Construction Company
WE CATER FOR LARGE CORPORATES, SMALL-MEDIUM SIZED ENTERPRISES AND PRIVATE INDIVIDUALS
We tailor our service to your needs
Save up to 5% of the traded amount
Our payment and foreign exchange services are provided by Ebury partners UK Limited
Book today's rate and have the flexibility of paying within two days.
Book today's rate and pay at a later date, up to years in advance. If you do not have a fixed date, then we can book a window forward and you can use the currency over a set time period. There is no limit to how many times you draw-down on your contract.
If you have a target rate for a trade, we can input a digital order for that rate which runs 24 hours a day, 7 days a week. Even if your rate becomes achievable for just a second, your order will fill and you will be notified.
Your dedicated Trader will guide you at every step along the way when trading. Even when you are not, they will keep you updated on any significant news and market movements to avoid any unforeseen fluctuations in the rates, meaning you will not have to worry about any unforeseen costs.
Give us a call or send us an e-mail to confirm the rate.
Send your funds to a segregated, ring-fenced account. You will be automatically notified once your funds have been received.
Let us know where to send your currency. You can do this via phone or e-mail.
We send the funds to your beneficiaries swiftly and securely. You will be automatically notified once your funds have been sent.
We believe that the most powerful way of doing business is through referrals, so we designed a partnership programme to reflect this. You can add value to your core business by facilitating any FX requirement your corporate or personal network may have, through an industry-leading provider.
You can feel comfortable referring business to us knowing that we provide the most simple, secure and cost-effective route for any kind of FX payment. We also have one of the most attractive commission structures in our market, meaning this really is a win-win scenario for you and your network.
Some of our current partners include:
International Property Agents
And many more.
You will be emailed with our exchange rate within 1 hour
We will only call you with your prior agreement. No mailing lists, no phone calls, no nonsense.
Post date: 23/03/2020 09:25
The spread of the coronavirus and the extreme measures taken to control the pandemic have wrought havoc in financial markets worldwide. In currency markets, the reaction has been a headlong flight into the supposed safety of the US dollar. Every major currency worldwide fell sharply against the greenback, even the Japanese Yen. The worst punishment was meted out to oil dependent currencies, as the crash in the oil price was added to the general atmosphere of fear.
The economic data this week should begin to reflect the enormous damage wreaked by the pandemic. Eurozone and UK PMI indices of activity out on Tuesday, and US weekly jobless claims on Thursday will likely post the worst numbers in history by some distance. More important for currency markets will be the evolution of the infection in the various countries in lockdown or considering it. The durability of the dollar rally may come into question in the face of far worsening contagion numbers in the US, particularly if the Italian and Spanish numbers cease to worsen.
An unprecedented economic crisis is now upon us. There is reason for hope , however. Monetary and fiscal authorities worldwide are preparing an unprecedented response. Fiscal spending, credit guarantees and liquidity injections on a massive scale are being announced daily. With governments ready to do whatever it takes, the goal of returning to an almost intact economic structure as soon as the epidemic is brought under control may be a reasonable one.
Sterling was hit harder than the euro last week, in part due to the sudden turnaround of the Johnson administration in admitting lockdowns will be necessary to contain the virus. The Bank of England cut rates again, and announced 200 billion of quantitative easing, as well as programs to direct funding to SMEs. While the PMI number on Tuesday will reflect the worst of the crisis, more important will be the announcements during the central bank meeting on Thursday, which remains on the agenda in spite of last week's dramatic measures.
With Spain and Italy on full lockdown and other Eurozone economies subject to increasing restraints, there is no doubt that a sharp recession is coming. However, the aggressive ECB announcement of 750 billion euros to support sovereign debt means that the affected countries will be able to finance enormous fiscal deficits without fear of the markets. Indeed, the collapse in spreads over the last three days is one ray of hope amid the bleak news. For now, we will be paying close attention to the epidemic numbers out of the different countries and hope the drastic measures begin to "bend the curve" as soon as possible.
The most basic instinct among currency traders in a global crisis is to flee to the safety of the US dollar, and this pandemic has been no exception thus far. The US rally has been fuelled by the fact that Europe has been worst hit so far, but this may be related to the very limited testing that the US has conducted so far. In fact, as this is written the US has now become the country with the largest number of new daily cases, ahead of Italy. As testing ramps up, the numbers will get worse, limiting dollar upside from these levels. More immediately, we await the announcement of the US fiscal stimulus package in response to the crisis, and expect to see the worst number ever of weekly claims for unemployment on Thursday.
Sovereign International is a company registered in England and Wales (registered number 0935 7987). Our payment and foreign exchange services are provided by Ebury partners UK Ltd.; authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution (reference number: 900797). The FCA requires Ebury to meet standards across three areas. Ebury exceeds all three areas:
The levels of capital requirements are based on Ebury's level of activity. The FCA reviews Ebury's capital adequacy on an annual basis.
All client funds are held in segregated accounts, entirely separate from Ebury's own operating accounts, so client funds are always safe.
Ebury has strict governance and operational processes in place to scrutinise the accuracy of each transaction, with appropriate involvement from directors. Compliance with Ebury's governance and processes is regularly audited.