WE CATER FOR LARGE CORPORATES, SMALL-MEDIUM SIZED ENTERPRISES OR 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-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.
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.
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.
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.
Post date: 11/05/2018 16:00
Sterling struggled following the Bank of England interest rate decision yesterday but has made a very small recovery since. GBP exchange rates fell against all major currencies yesterday after the slightly more dovish commentary coming from Mark Carney. Although interest rates were held at 0.5% as widely expected, the pound fell on the back of what was cited as an uncertain path with Brexit as well as the reduction in growth forecasts for 2018 which have been revised down from 1.8% to 1.4%. The split on the Monetary Policy Committee was 7-2. The bad weather over February and March is taking most of the brunt for the poor GDP data but there are some concerns that the British economy is facing other issues, namely Brexit.
Macroeconomic news was fairly light on the ground in the Eurozone. The euro fell off against its peers last week, with the single currency being undermined by a run of high impact data, leaving the euro a little weaker during the first half of the session. Unfortunately, this was unchanged by the release of the Eurozone’s latest GDP figures. A lot of data out in the Eurozone next week so we expect to see a lot more volatility for the euro.
While growth was revised up for the fourth quarter of 2017, this was not enough to counteract the slide in GDP seen in the first quarter of 2018 as it appeared to confirm market suspicions that the Eurozone’s recent sturdy growth may have peaked the USD.
Softer than the consensus, US inflation was enough to prompt some traders to dial back bets of an accelerated pace of Federal Reserve interest rate hikes yesterday. The figure came in, at 2.5%, its fastest pace in over a year, however the core measure fell short of expected. The reading, which cuts out volatile components, was unchanged at 2.1% after investors had eyed an increase to 2.2%. A rise in US 10 year yields back above the psychological 3.0% level helped support the dollar, while offsetting some of the concerns over Donald Trump’s decision to pull out of the Iran nuclear deal on Tuesday evening. This was somewhat blunted by the fact that other members, including Iran, pledged to stay in the deal. On the macroeconomic front, US producer price data was soft, slipping to 2.6% year-on-year versus the 2.8% consensus, but had minimal effect on the market.
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.
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.”
David, Owner of a Software Company
“We have been customers of Sovereign International since 2016, our dealer, William has been most helpful in developing a strategy and offering us some useful insights.”
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."
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.”