New-age Expertise
Age-old Wisdom

SIMPLE

WE CATER FOR LARGE CORPORATES, SMALL-MEDIUM SIZED ENTERPRISES OR PRIVATE INDIVIDUALS

COST EFFECTIVE

SERVICE

We tailor our service to your needs

  • Same-day payments
  • Access to over 150 foreign currencies.
  • Spot Trades, Forwards and Market Orders
  • Your own dedicated Trader who understands your business

SAVINGS

Save up to 5% of the traded amount

  • Wholesale exchange rates usually reserved for large/institutional companies
  • Intelligently timed trades, avoiding unforeseen market fluctuations and reducing costs
  • Little to no deposits on Forwards
  • Free payments over £1000

SECURITY

Our payment and foreign exchange services are provided by Ebury partners UK Limited

  • Authorised and regulated by the FCA
  • Segregated, ring-fenced clients accounts in the bank
  • Traded £12.5bn in foreign exchange in the past three years
  • Worked with 100,000+ businesses and private clients

FOREIGN EXCHANGE SERVICES

SPOT TRADES

Book today's rate and have the flexibility of paying within two days.

 

FORWARDS

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.

 

MARKET ORDERS

If you have a target rate for a trade, we can input a digital order for that rate which runs 24-hour is a day, seven days a week. Even if your rate becomes achievable for just a second, your order will fill and you will be notified.

 

MARKET ANALYSIS

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.

RATE COMPARISON

How much could we
have saved you?

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.

HOW DOES IT WORK?

Call us/we call you to confirm the rate. If you are happy, we will book this for you and send a trade confirmation via email.

Send your funds to a segregated, ring-fenced account in the bank. 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 email.

We send the funds to your beneficiaries swiftly and securely. You will be automatically notified once your funds have been sent.

WEEKLY FX UPDATE

Post date: 17/09/2018 10:00


Our Latest Currency Market Update

Emerging market currencies finally enjoyed a strong bounce back last week. They were led by the Turkish Lira, which soared higher after its central bank hiked rates by nearly 5% to 24%, in an apparent return to sane monetary policy. This brought the Lira to outperform every other major world currency for the second week running. Lower than expected inflation readings out of the US also helped by dragging down both US bond yields and the US dollar, which ended the week down against every other currency except for Asian ones. The latter were kept on the backfoot by continued uncertainty over the outcome of the trade conflict between the US and China.

Central bank meetings will steal the spotlight this week in both G10 and emerging market countries. Most critical will be the Bank of Japan, Norges Bank, South African Reserve Board, Swiss National Bank and Banco Central do Brazil.

GBP

The Bank of England left policy unchanged last week, as universally expected. However, further positive comments from the Brexit negotiations supported Sterling. In particular. lead EU negotiator Michel Barnier suggested that an agreement was likely in the next few weeks. This confirms our view that a no-deal Brexit is an unlikely outcome and Sterling has been excessively punished in the last few weeks.

This week the focus is on inflation data out Wednesday, as the Bank of England has made it clear that further hikes are dependent on its expectations for future inflation.

EUR

As fears of a confrontation over the Italian budget recede, markets are beginning to accept that the ECB will in fact taper its purchases of sovereign bonds according to schedule, and that hikes will be forthcoming some time in the second half of next year. The ECB confirmed this outlook with somewhat hawkish communications in last week's meeting. President Draghi struck a confident note both on growth and on the prospects for inflation to return to its target over the next few months.

We look to Friday's flash PMI data to confirm that the economic expansion in the Eurozone remains on track, though we see no sharp moves in the EUR-USD cross rate until more clear signs emerge of an upward trend in Eurozone inflation.

USD

The budding rally in US Treasury yields that started after the strong employment print was temporarily cut short by lower than expected inflation data. This week, data out of the US is relatively scarce, dominated by second-tier indicators like housing sales. Consequently, dollar trading will be driven primarily by headlines on the various trade conflicts and news from elsewhere.

Market Updates

SECURITY

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:

CAPITAL ADEQUACY

The levels of capital requirements are based on Ebury's level of activity. The FCA reviews Ebury's capital adequacy on an annual basis.

CLIENT PROTECTION

All client funds are held in segregated accounts, entirely separate from Ebury's own operating accounts, so client funds are always safe.

ROBUST INTERNAL RISK MANAGEMENT

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.

CLIENT TESTIMONIALS

“We have used Sovereign International for the last 2 years and I've had a very good experience of working with Sean and his team during that time. The service above all is superb with good rates to match - the communication and speed when dealing with payments has also been very efficient, probably the most so of any currency trader we have worked with. Also the paperwork is very comprehensive and whenever I've need anything the turnaround has been very quick. I would thoroughly recommend Sean and Sovereign International.”

Ben, Travel Company Owner

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2018-04-12T11:51:25+00:00

Ben, Travel Company Owner

“We have used Sovereign International for the last 2 years and I've had a very good experience of working with Sean and his team during that time. The service above all is superb with good rates to match - the communication and speed when dealing with payments has also been very efficient, probably the most so of any currency trader we have worked with. Also the paperwork is very comprehensive and whenever I've need anything the turnaround has been very quick. I would thoroughly recommend Sean and Sovereign International.”
“We have been customers of Sovereign International since 2016, our dealer has been most helpful in developing a strategy and offering us some useful insights.”

David, Owner of a Software Company

5.0
2018-04-12T11:49:57+00:00

David, Owner of a Software Company

“We have been customers of Sovereign International since 2016, our dealer has been most helpful in developing a strategy and offering us some useful insights.”
"We have been dealing with Sovereign/Ebury to purchase Sterling for our company. We currently deal with Sean Galvin.  I have no hesitation in recommending them as I found them to be extremely helpful and efficient."

Esther, Accounts at a Hygiene Company

5.0
2018-04-12T11:47:55+00:00

Esther, Accounts at a Hygiene Company

"We have been dealing with Sovereign/Ebury to purchase Sterling for our company. We currently deal with Sean Galvin.  I have no hesitation in recommending them as I found them to be extremely helpful and efficient."
“I can confirm that we have being using Sovereign International/Ebury-Partners over the last few months to conduct our foreign currency payments.  Due to the daily currency fluctuations I am unable to confirm the overall saving we have gained by using them.  However I can confirm that we would be saving in the region to €10-€20 per €1000 each transaction if not more when compared to our bank.”

George, Accountant at a Catering Company

5.0
2018-04-12T11:50:42+00:00

George, Accountant at a Catering Company

“I can confirm that we have being using Sovereign International/Ebury-Partners over the last few months to conduct our foreign currency payments.  Due to the daily currency fluctuations I am unable to confirm the overall saving we have gained by using them.  However I can confirm that we would be saving in the region to €10-€20 per €1000 each transaction if not more when compared to our bank.”
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CONTACT US

ADDRESS

Tower 42, 25 Old Broad Street, London EC2N 1HN

CALL US

+44 (0)203 817 3700

EMAIL

info@sovereign-international.co.uk

Sovereign International - Foreign Exchange Specialists

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